Talen Energy (NASDAQ:TLN) Stock Rating Upgraded by Canadian Imperial Bank of Commerce

Talen Energy (NASDAQ:TLN) was upgraded by stock analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

A number of other equities research analysts also recently issued reports on the company. Zacks Research downgraded Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Weiss Ratings downgraded Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Morgan Stanley raised their price objective on Talen Energy from $503.00 to $514.00 and gave the stock an “overweight” rating in a report on Friday, September 18th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $509.00 price objective on shares of Talen Energy in a research note on Monday, August 10th. Finally, Scotiabank boosted their target price on Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average price target of $463.08.

Talen Energy Trading Up 0.3%

Shares of NASDAQ TLN traded up $1.21 during trading on Thursday, hitting $354.81. 737,500 shares of the company traded hands, compared to its average volume of 1,181,225. Talen Energy has a 1 year low of $279.77 and a 1 year high of $449.84. The company has a 50-day moving average price of $324.05 and a 200-day moving average price of $350.03. The firm has a market capitalization of $17.00 billion, a P/E ratio of -85.09 and a beta of 1.82. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The firm had revenue of $959.00 million for the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. On average, equities analysts predict that Talen Energy will post 21.99 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TLN. BlackRock Inc. purchased a new position in Talen Energy in the 2nd quarter valued at about $1,673,803,000. MFN Partners Management LP acquired a new stake in shares of Talen Energy during the second quarter valued at about $1,152,780,000. Two Seas Capital LP acquired a new stake in shares of Talen Energy during the second quarter valued at about $194,900,000. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy during the second quarter worth about $191,231,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Talen Energy during the second quarter worth about $111,768,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ: TLN) is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen’s generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.