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

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $477.1667.

A number of research firms have recently weighed in on TLN. BNP Paribas Exane reissued an “outperform” rating and issued a $560.00 price objective on shares of Talen Energy in a research report on Wednesday. Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group reissued a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. 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 objective on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $314.46 on Monday. The company has a market capitalization of $15.07 billion, a PE ratio of -75.41 and a beta of 1.90. The company has a 50-day simple moving average of $369.15 and a two-hundred day simple moving average of $357.29. Talen Energy has a one year low of $301.45 and a one year high of $451.28. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $832.81 million. Research analysts expect that Talen Energy will post 25.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. The trade was a 49.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

Several institutional investors and hedge funds have recently made changes to their positions in TLN. Fortitude Advisory Group L.L.C. grew its holdings in shares of Talen Energy by 4.9% during the second quarter. Fortitude Advisory Group L.L.C. now owns 3,761 shares of the utilities provider’s stock valued at $1,445,000 after buying an additional 175 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in shares of Talen Energy by 459.1% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 246 shares of the utilities provider’s stock valued at $89,000 after acquiring an additional 202 shares during the period. Concurrent Investment Advisors LLC lifted its position in Talen Energy by 83.9% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,289 shares of the utilities provider’s stock worth $880,000 after acquiring an additional 1,044 shares during the period. Continuum Advisory LLC acquired a new stake in Talen Energy during the 2nd quarter worth about $33,000. Finally, Maple Rock Capital Partners Inc. purchased a new stake in Talen Energy during the 2nd quarter valued at about $30,856,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).