Talen Energy Corporation (NASDAQ:TLN) Stock Has Consensus Target Price of $458.69 According to Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have received an average rating of “Moderate Buy” from the sixteen analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $458.69.

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Talen Energy from $501.00 to $479.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Mizuho initiated coverage on shares of Talen Energy in a report on Monday, August 24th. They set an “outperform” rating and a $405.00 price objective for the company. Zacks Research lowered shares of Talen Energy from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. Canadian Imperial Bank of Commerce lowered their target price on shares of Talen Energy from $499.00 to $493.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Finally, Weiss Ratings lowered shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th.

Institutional Investors Weigh In On Talen Energy

Large investors have recently modified their holdings of the stock. Continuum Advisory LLC bought a new stake in Talen Energy in the second quarter valued at $33,000. Grove Bank & Trust boosted its holdings in shares of Talen Energy by 40.5% in the 3rd quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 30 shares in the last quarter. Heritage Family Offices LLP acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $37,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Talen Energy during the 2nd quarter worth approximately $38,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Performance

TLN opened at $363.13 on Friday. The stock has a market cap of $15.80 billion, a PE ratio of -65.55 and a beta of 1.77. The company has a current ratio of 0.89, a quick ratio of 0.55 and a debt-to-equity ratio of 5.95. Talen Energy has a 1 year low of $279.77 and a 1 year high of $449.84. The stock’s 50 day simple moving average is $328.55 and its 200-day simple moving average is $348.39.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 EPS for the quarter, missing the consensus estimate of $8.33 by ($5.45). Talen Energy had a positive return on equity of 53.70% and a negative net margin of 6.43%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the business earned $4.25 earnings per share. Sell-side analysts forecast that Talen Energy will post 15.26 EPS for the current year.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generation facilities in the United States. Its portfolio includes nuclear, natural gas, coal, oil and hydroelectric assets, with the Susquehanna nuclear power plant in Pennsylvania among its major facilities.

The company sells electricity and related products, including capacity and ancillary services, primarily through wholesale power markets. Its operations are concentrated in the Mid-Atlantic region served by PJM Interconnection, with additional generation assets in other U.S.