Talen Energy Corporation (NASDAQ:TLN) Stock Rated “Moderate Buy” by Wall Street Brokerages

Talen Energy Corporation (NASDAQ:TLN) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $463.08.

TLN has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Morgan Stanley lifted their target price on shares of Talen Energy from $503.00 to $514.00 and gave the stock an “overweight” rating in a report on Friday, September 18th. Scotiabank upped their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Susquehanna set a $449.00 price target on Talen Energy in a research note on Friday, August 7th. Finally, Jefferies Financial Group cut their price target on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research note on Monday, July 20th.

Institutional Investors Weigh In On Talen Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in shares of Talen Energy by 1,765.4% in the 3rd quarter. IFP Advisors Inc now owns 5,708 shares of the utilities provider’s stock valued at $1,785,000 after buying an additional 5,402 shares during the period. Vanguard Capital Wealth Advisors acquired a new stake in Talen Energy during the 3rd quarter worth $578,000. Hudock Inc. raised its stake in Talen Energy by 24.7% during the 3rd quarter. Hudock Inc. now owns 984 shares of the utilities provider’s stock worth $308,000 after buying an additional 195 shares during the period. Fortitude Family Office LLC acquired a new stake in Talen Energy during the 3rd quarter worth $37,000. Finally, Sanders Morris Harris LLC bought a new position in Talen Energy during the third quarter worth about $4,564,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Performance

Talen Energy stock opened at $354.81 on Tuesday. The company has a market cap of $17.00 billion, a PE ratio of -85.09 and a beta of 1.82. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. Talen Energy has a 1 year low of $279.77 and a 1 year high of $449.84. The company’s 50-day moving average is $324.05 and its two-hundred day moving average is $350.03.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). The business 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%. Equities analysts anticipate that Talen Energy will post 21.99 earnings per share for the current year.

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.