Mitsubishi UFJ Trust & Banking Corp Has $1.27 Million Stock Holdings in Talen Energy Corporation $TLN

Mitsubishi UFJ Trust & Banking Corp grew its position in Talen Energy Corporation (NASDAQ:TLN) by 131.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,386 shares of the utilities provider’s stock after purchasing an additional 1,922 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Talen Energy were worth $1,269,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp raised its holdings in shares of Talen Energy by 16.2% in the fourth quarter. M&T Bank Corp now owns 1,984 shares of the utilities provider’s stock valued at $744,000 after buying an additional 276 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Talen Energy by 116.8% in the fourth quarter. Sanctuary Advisors LLC now owns 6,454 shares of the utilities provider’s stock valued at $2,419,000 after buying an additional 3,477 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Talen Energy by 15.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 14,000 shares of the utilities provider’s stock valued at $5,248,000 after buying an additional 1,900 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Talen Energy in the fourth quarter valued at about $345,000. Finally, Riggs Asset Managment Co. Inc. raised its holdings in shares of Talen Energy by 7.8% in the fourth quarter. Riggs Asset Managment Co. Inc. now owns 11,340 shares of the utilities provider’s stock valued at $4,251,000 after buying an additional 821 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analysts Set New Price Targets

TLN has been the subject of a number of research analyst reports. Morgan Stanley set a $498.00 price target on Talen Energy in a report on Friday. BNP Paribas Exane initiated coverage on Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. JPMorgan Chase & Co. cut their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Finally, Barclays dropped their price objective on Talen Energy from $425.00 to $408.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $450.67.

Talen Energy Price Performance

Shares of TLN opened at $384.90 on Wednesday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. The stock has a 50 day simple moving average of $339.44 and a 200 day simple moving average of $362.43. Talen Energy Corporation has a 52-week low of $220.59 and a 52-week high of $451.28. The firm has a market capitalization of $17.47 billion, a PE ratio of -77.91 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.01 by ($3.68). Talen Energy had a negative net margin of 8.49% and a positive return on equity of 22.58%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm posted ($2.94) earnings per share. Sell-side analysts predict that Talen Energy Corporation will post 24.22 EPS for the current fiscal year.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).