Mizuho Markets Americas LLC Buys Shares of 190,000 Talen Energy Corporation (NASDAQ:TLN)

Mizuho Markets Americas LLC purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 190,000 shares of the utilities provider's stock, valued at approximately $33,866,000. Talen Energy makes up about 0.7% of Mizuho Markets Americas LLC's holdings, making the stock its 28th biggest position. Mizuho Markets Americas LLC owned approximately 0.37% of Talen Energy at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Spirit of America Management Corp NY acquired a new stake in Talen Energy in the 3rd quarter valued at $214,000. World Equity Group Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at $237,000. Guidance Capital Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at $348,000. Mount Yale Investment Advisors LLC acquired a new stake in Talen Energy in the 3rd quarter valued at $361,000. Finally, Mcdaniel Terry & Co. acquired a new stake in Talen Energy in the 3rd quarter valued at $371,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Trading Down 1.4 %

NASDAQ TLN traded down $2.81 on Friday, reaching $200.43. The company had a trading volume of 1,019,397 shares, compared to its average volume of 662,408. The stock's 50 day moving average is $149.91 and its 200-day moving average is $113.17. The stock has a market cap of $10.22 billion and a price-to-earnings ratio of 10.73. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. Talen Energy Corporation has a 52 week low of $53.03 and a 52 week high of $217.79.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The firm had revenue of $489.00 million during the quarter, compared to analysts' expectations of $437.50 million. Equities analysts predict that Talen Energy Corporation will post 14.66 earnings per share for the current year.

Analysts Set New Price Targets

TLN has been the topic of a number of recent analyst reports. Guggenheim boosted their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group initiated coverage on Talen Energy in a research note on Friday, September 13th. They issued a "buy" rating and a $226.00 price objective on the stock. Royal Bank of Canada initiated coverage on Talen Energy in a research note on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price objective on the stock. Barclays reduced 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. Finally, UBS Group boosted their price objective on Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a research note on Friday. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.