CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT 13F: Adds $4.9M to TLN Stake

Cushing Asset Management, LP dba NXG Investment Management boosted its stake in Talen Energy Corporation (TLN) by 15,800 shares in a filing on October 26, 2026. This brings its total holdings to 92,600 shares, valued at about $28.9 million. The information comes from the fund's latest Form 13F filing with the SEC.

In this recent filing, Cushing Asset Management's position in Talen Energy increased by 20.57%. The fund now holds 2.04% of its total reported value in Talen, which ranks 16th among its 73 reported positions. The fund's total reported value is approximately $1.42 billion.

TLN Talen Energy Corporation

$327.91 ▼ -17.35% year to date

1M 3M YTD

Daily close · Oct 23, 2026

Other Institutional Activity in Talen Energy

Rubric Capital Management LP holds 3,602,171 shares of Talen Energy, valued at about $1.22 billion. MFN Partners Management, LP maintains a stake of 3,000,000 shares worth around $1.01 billion. ECP ControlCo, LLC recently increased its position by 1,199,999 shares, bringing its total to 2,399,998 shares valued at about $810.7 million.

Talen Energy Corporation Stock Up 3.0%

Talen Energy shares recently traded around $337.78, which is about equal to its closing price on October 26, 2026. The stock is currently 24.9% below its 52-week high of $449.84, but it is 20.7% above its 52-week low of $279.77. The stock is also trading above its 50-day moving average by 4.5%, but below its 200-day moving average by 3.5%.

Recent Earnings

Talen Energy reported trailing twelve-month revenue of approximately $3.74 billion, with a year-over-year revenue growth of 111.2%. However, the company has a net margin of -4.9% and a return on equity of -12.8%. The next earnings report is scheduled for November 3, 2026.

Insider Buying and Selling at Talen Energy Corporation

Recent insider transactions include Rubric Capital Management L.P., which sold 388,530 shares valued at about $114.1 million on June 27, 2025. Additionally, Director Gizman I. Abbas sold 2,600 shares at an average price of $380.00 on June 15, 2026, totaling around $988,000.

Analysts Set New Price Targets

On October 22, 2026, TD Cowen initiated coverage on Talen Energy with a "Buy" rating and a price target of $475.00. HSBC also initiated coverage with a "Buy" rating and a target of $444.30. Morgan Stanley maintained an "Overweight" rating with a target of $504.00 on October 21, 2026. The consensus recommendation is a "Strong Buy" with a mean price target of $453.82 from 20 analyst opinions.

About Talen Energy

Talen Energy Corporation is an independent power producer based in Houston, Texas. The company generates and sells electricity and other services into wholesale markets across the United States. Talen operates approximately 13.1 gigawatts of power infrastructure, utilizing various fuel sources including nuclear, fossil, oil, natural gas, and coal.

Bottom Line

Investors should watch for Talen Energy's upcoming earnings report on November 3, 2026, to gauge its financial health and performance trends. Cushing Asset Management's increased stake suggests a continued interest in Talen's potential despite its current challenges.