Mirae Asset Global Investments Co. Ltd. Has $295,000 Stock Position in Talen Energy Corporation $TLN

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Talen Energy Corporation by 789.5% in Q2, owning 1,014 shares valued at $295,000 after acquiring an additional 900 shares.
• Analysts' ratings for Talen Energy are mixed, with recommendations ranging from a "buy" from Jefferies Financial Group to a "hold" from Weiss Ratings, reflecting a consensus rating of "Moderate Buy".
• Talen Energy reported earnings of $1.50 EPS for the last quarter, significantly exceeding the consensus estimate, with revenue reaching $630 million compared to expectations of $481.48 million.

Mirae Asset Global Investments Co. Ltd. grew its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 789.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,014 shares of the utilities provider's stock after acquiring an additional 900 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Talen Energy were worth $295,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Talen Energy in the first quarter valued at approximately $25,000. Golden State Wealth Management LLC bought a new position in shares of Talen Energy in the first quarter valued at approximately $35,000. LRI Investments LLC raised its stake in shares of Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Talen Energy in the first quarter valued at approximately $35,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TLN shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Talen Energy in a research note on Wednesday. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Zacks Research cut shares of Talen Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 18th. Jefferies Financial Group boosted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Morgan Stanley boosted their price objective on shares of Talen Energy from $330.00 to $430.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 10th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $376.85.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $412.83 on Friday. The firm has a fifty day moving average of $396.79 and a two-hundred day moving average of $302.77. The stock has a market capitalization of $18.86 billion, a price-to-earnings ratio of 116.95, a PEG ratio of 2.39 and a beta of 1.88. Talen Energy Corporation has a 52 week low of $148.02 and a 52 week high of $451.28. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to analysts' expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, equities research analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

About Talen Energy

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.

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