Mitsubishi UFJ Trust & Banking Corp Takes $623,000 Position in Talen Energy Corporation $TLN

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

A number of other hedge funds and other institutional investors also recently bought and sold shares of TLN. Envestnet Asset Management Inc. increased its position in shares of Talen Energy by 33.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 38,312 shares of the utilities provider’s stock valued at $11,140,000 after acquiring an additional 9,692 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in Talen Energy during the 2nd quarter valued at about $478,000. Securian Asset Management Inc. purchased a new stake in Talen Energy during the 3rd quarter valued at about $1,481,000. Maryland State Retirement & Pension System acquired a new position in shares of Talen Energy in the second quarter valued at about $641,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Talen Energy in the third quarter worth about $2,582,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Down 3.8%

TLN opened at $348.36 on Friday. Talen Energy Corporation has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. The company has a fifty day moving average of $372.46 and a two-hundred day moving average of $381.60. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 75.40, a PEG ratio of 0.54 and a beta of 1.97.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same period in the prior year, the company posted $3.16 EPS. The company’s revenue for the quarter was up 24.9% on a year-over-year basis. On average, research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Analysts Set New Price Targets

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

Talen Energy Company 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).