MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Makes New Investment in Talen Energy Corporation (NASDAQ:TLN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,519 shares of the utilities provider's stock, valued at approximately $1,313,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLN. Allworth Financial LP increased its stake in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy during the 4th quarter worth $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the 4th quarter worth $39,000. Empowered Funds LLC acquired a new position in Talen Energy during the 4th quarter worth $42,000. Finally, Whipplewood Advisors LLC acquired a new position in Talen Energy during the 4th quarter worth $53,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded down $1.90 during trading on Thursday, reaching $242.63. 156,600 shares of the company's stock traded hands, compared to its average volume of 1,151,025. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The company has a 50 day moving average of $215.56 and a 200-day moving average of $214.89. The stock has a market capitalization of $11.04 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TLN. 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 for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. One analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Talen Energy has a consensus rating of "Moderate Buy" and an average target price 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.