Talen Energy (NASDAQ:TLN) Stock Price Down 7.1% After Analyst Downgrade

Talen Energy Corporation (NASDAQ:TLN) was down 7.1% during mid-day trading on Friday after JPMorgan Chase & Co. lowered their price target on the stock from $448.00 to $421.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Talen Energy traded as low as $314.23 and last traded at $315.7940. Approximately 221,663 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 871,525 shares. The stock had previously closed at $340.07.

A number of other equities research analysts have also issued reports on TLN. Weiss Ratings lowered shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Barclays decreased their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a report on Wednesday, February 11th. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a research report on Friday, February 20th. Wells Fargo & Company upped their target price on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, BNP Paribas Exane began coverage on Talen Energy in a research report on Wednesday. They issued an “outperform” rating and a $548.00 price target on the stock. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and an average price target of $438.17.

Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently modified their holdings of TLN. Daiwa Securities Group Inc. increased its position in Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock worth $252,000 after buying an additional 36 shares during the period. Compound Planning Inc. increased its holdings in shares of Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Talen Energy by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after buying an additional 39 shares in the last quarter. Berbice Capital Management LLC boosted its stake in shares of Talen Energy by 19.1% in the fourth quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock valued at $105,000 after buying an additional 45 shares during the period. Finally, Red Door Wealth Management LLC increased its stake in Talen Energy by 2.2% during the 4th quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock worth $821,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

The company has a fifty day simple moving average of $356.40 and a two-hundred day simple moving average of $379.32. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of -63.91, a PEG ratio of 0.49 and a beta of 1.94. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28.

Talen Energy Company Profile

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).