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

Mizuho Markets Americas LLC bought a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 190,000 shares of the utilities provider’s stock, valued at approximately $33,866,000. Talen Energy accounts for approximately 0.7% of Mizuho Markets Americas LLC’s portfolio, making the stock its 28th largest holding. Mizuho Markets Americas LLC owned 0.37% of Talen Energy at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TLN. OneDigital Investment Advisors LLC acquired a new position in shares of Talen Energy during the third quarter valued at about $1,097,000. Oppenheimer Asset Management Inc. bought a new stake in Talen Energy in the 3rd quarter valued at about $1,411,000. Victory Capital Management Inc. acquired a new position in Talen Energy during the 3rd quarter worth approximately $929,000. GSA Capital Partners LLP acquired a new position in Talen Energy during the 3rd quarter worth approximately $1,398,000. Finally, M&G PLC bought a new stake in shares of Talen Energy during the third quarter valued at approximately $14,797,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Down 1.4 %

NASDAQ:TLN opened at $200.43 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51. The firm has a market cap of $10.22 billion and a price-to-earnings ratio of 10.73. Talen Energy Corporation has a 52 week low of $53.03 and a 52 week high of $217.79. The firm has a 50-day moving average price of $149.91 and a two-hundred day moving average price of $113.17.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The company had revenue of $489.00 million during the quarter, compared to analyst estimates of $437.50 million. On average, equities analysts expect that Talen Energy Corporation will post 14.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on TLN shares. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Barclays dropped their price objective on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 price target on the stock. Finally, UBS Group upped their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research report on Friday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $210.33.

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.