6,519 Shares in Talen Energy Corporation (NASDAQ:TLN) Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,519 shares of the utilities provider's stock, valued at approximately $1,313,000.

Other hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy during the 4th quarter worth approximately $39,000. Empowered Funds LLC acquired a new stake in Talen Energy during the 4th quarter worth approximately $42,000. Finally, Whipplewood Advisors LLC acquired a new stake in Talen Energy during the 4th quarter worth approximately $53,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

TLN stock traded down $0.16 during mid-day trading on Wednesday, hitting $245.07. The company had a trading volume of 311,436 shares, compared to its average volume of 1,084,432. The firm has a market cap of $11.15 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock's fifty day moving average price is $214.96 and its two-hundred day moving average price is $214.68. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The business had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. On average, analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective on the stock. UBS Group reduced their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective on the stock. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $240.18.

Talen Energy 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.