Nishkama Capital LLC Buys New Shares in Talen Energy Corporation $TLN

Nishkama Capital LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 161,483 shares of the utilities provider’s stock, valued at approximately $32,243,000. Talen Energy comprises about 3.4% of Nishkama Capital LLC’s portfolio, making the stock its 4th biggest position. Nishkama Capital LLC owned 0.35% of Talen Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in TLN. Fred Alger Management LLC increased its stake in Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock valued at $192,353,000 after acquiring an additional 577,257 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Talen Energy by 6,621.1% in the first quarter. Ameriprise Financial Inc. now owns 303,661 shares of the utilities provider’s stock worth $60,638,000 after buying an additional 299,143 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of Talen Energy in the fourth quarter worth about $48,333,000. Lone Pine Capital LLC grew its position in Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider’s stock worth $219,477,000 after acquiring an additional 233,165 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Talen Energy by 1,210.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 131,082 shares of the utilities provider’s stock worth $27,192,000 after acquiring an additional 121,082 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on TLN. Melius began coverage on Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target on the stock. Jefferies Financial Group raised their target price on Talen Energy from $326.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Barclays raised their target price on Talen Energy from $353.00 to $418.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 13th. UBS Group set a $431.00 price objective on Talen Energy and gave the company a “buy” rating in a research report on Friday, July 25th. Finally, Wall Street Zen raised Talen Energy from a “sell” rating to a “hold” rating in a research report on Monday, August 11th. Sixteen analysts have rated the stock with a Buy rating, According to data from MarketBeat, Talen Energy presently has an average rating of “Buy” and an average target price of $316.00.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $356.11 on Monday. Talen Energy Corporation has a twelve month low of $137.50 and a twelve month high of $394.07. The firm has a market cap of $16.27 billion, a P/E ratio of 100.88, a PEG ratio of 2.45 and a beta of 1.90. The company has a 50 day moving average of $324.54 and a 200 day moving average of $256.77. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The company had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. As a group, research analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 388,530 shares of company stock worth $114,090,933.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.