Mitsubishi UFJ Trust & Banking Corp Takes Position in Talen Energy Corporation $TLN

Mitsubishi UFJ Trust & Banking Corp purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,464 shares of the utilities provider’s stock, valued at approximately $623,000.

Other large investors also recently added to or reduced their stakes in the company. MAI Capital Management grew its position in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 59 shares during the period. Main Management ETF Advisors LLC lifted its stake in Talen Energy by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock valued at $1,066,000 after buying an additional 60 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in Talen Energy by 4.8% in the 2nd quarter. Wedbush Securities Inc. now owns 1,379 shares of the utilities provider’s stock worth $401,000 after buying an additional 63 shares during the last quarter. Grove Bank & Trust purchased a new stake in Talen Energy during the 3rd quarter worth approximately $32,000. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Talen Energy during the second quarter valued at approximately $27,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Down 3.8%

Shares of TLN opened at $348.36 on Friday. Talen Energy Corporation has a 12-month low of $158.08 and a 12-month high of $451.28. The firm has a market capitalization of $15.92 billion, a P/E ratio of 75.40, a P/E/G ratio of 0.54 and a beta of 1.97. The firm has a 50-day moving average price of $372.46 and a 200 day moving average price of $381.60. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same period in the previous year, the business posted $3.16 EPS. Talen Energy’s revenue was up 24.9% on a year-over-year basis. Sell-side analysts forecast that Talen Energy Corporation will post 15.94 EPS for the current year.

Analysts Set New Price Targets

TLN has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley raised their price objective on Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Barclays boosted their price target on shares of Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $400.92.

Talen Energy Profile

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).