Talen Energy Corporation (NASDAQ:TLN) Receives Average Rating of “Moderate Buy” from Analysts

Talen Energy Corporation (NASDAQ:TLN) has been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $459.1667.

Several analysts have recently issued reports on the stock. Scotiabank increased their price target on shares of Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. Susquehanna set a $449.00 price objective on shares of Talen Energy in a report on Friday, August 7th. Wall Street Zen downgraded shares of Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BNP Paribas Exane reiterated an “outperform” rating and set a $560.00 target price on shares of Talen Energy in a report on Wednesday, August 19th. Finally, Wells Fargo & Company raised their price target on shares of Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th.

Institutional Trading of Talen Energy

Several hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Talen Energy in the 2nd quarter valued at $4,132,000. Ninepoint Partners LP purchased a new stake in Talen Energy in the second quarter valued at $1,694,000. 180 GPS Investments IC Ltd purchased a new stake in Talen Energy in the second quarter valued at $8,636,000. Diversify Advisory Services LLC acquired a new position in Talen Energy in the second quarter valued at $12,228,000. Finally, Global Retirement Partners LLC acquired a new position in Talen Energy in the second quarter valued at $1,213,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Trading Up 2.0%

Shares of NASDAQ TLN opened at $293.31 on Friday. Talen Energy has a twelve month low of $279.77 and a twelve month high of $451.28. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The stock has a fifty day simple moving average of $334.11 and a 200-day simple moving average of $349.04. The stock has a market capitalization of $14.05 billion, a PE ratio of -70.34 and a beta of 1.84.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%.The firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. On average, equities analysts forecast that Talen Energy will post 21.99 earnings per share for the current year.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.