Mizuho Markets Americas LLC Invests $33.87 Million in Talen Energy Corporation (NASDAQ:TLN)

Mizuho Markets Americas LLC purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 190,000 shares of the utilities provider’s stock, valued at approximately $33,866,000. Talen Energy comprises 0.7% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 28th largest holding.

Several other large investors also recently modified their holdings of TLN. River Road Asset Management LLC bought a new stake in shares of Talen Energy during the 3rd quarter worth $277,653,000. Yacktman Asset Management LP bought a new stake in shares of Talen Energy during the 3rd quarter worth $79,299,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Talen Energy during the 3rd quarter worth $29,464,000. M&G PLC bought a new stake in shares of Talen Energy during the 3rd quarter worth $14,797,000. Finally, Roubaix Capital LLC bought a new stake in shares of Talen Energy during the 3rd quarter worth $11,234,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TLN. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. UBS Group lifted their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a report on Friday. Guggenheim boosted their price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays cut their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Oppenheimer lifted their price objective on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $210.33.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $200.43 on Friday. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.22 billion and a price-to-earnings ratio of 10.73. Talen Energy Corporation has a 12 month low of $53.03 and a 12 month high of $217.79. The company has a 50-day moving average price of $149.91 and a 200-day moving average price of $113.17.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. The business had revenue of $489.00 million during the quarter, compared to analyst estimates of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. As a group, equities analysts anticipate that Talen Energy Corporation will post 14.66 EPS for the current year.

Talen Energy Company 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.