Jefferies Financial Group Inc. Makes New Investment in Talen Energy Corporation $TLN

Jefferies Financial Group Inc. bought a new stake in Talen Energy Corporation (NASDAQ:TLN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,259 shares of the utilities provider’s stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TLN. Advisory Services Network LLC bought a new stake in shares of Talen Energy during the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. increased its stake in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 90 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Talen Energy in the second quarter valued at approximately $38,000. Bessemer Group Inc. raised its position in Talen Energy by 404.0% during the first quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 101 shares in the last quarter. Finally, Silvant Capital Management LLC acquired a new position in Talen Energy during the second quarter valued at approximately $42,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Price Performance

TLN stock opened at $296.11 on Monday. The stock has a market cap of $14.19 billion, a price-to-earnings ratio of -71.01 and a beta of 1.90. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. The company has a 50 day simple moving average of $358.05 and a 200 day simple moving average of $356.15. Talen Energy Corporation has a 1 year low of $294.75 and a 1 year high of $451.28.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The company had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. Research analysts anticipate that Talen Energy Corporation will post 21.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Susquehanna set a $449.00 target price on Talen Energy in a report on Friday, August 7th. New Street Research set a $405.00 price target on Talen Energy in a report on Monday, August 24th. BNP Paribas Exane restated an “outperform” rating and set a $560.00 price objective on shares of Talen Energy in a research report on Wednesday, August 19th. Scotiabank raised their price objective on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Finally, Mizuho initiated coverage on Talen Energy in a research report on Monday, August 24th. They issued an “outperform” rating and a $405.00 target price on the stock. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and an average target price of $466.86.

Insider Activity at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.78% of the company’s stock.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).