Talen Energy (NASDAQ:TLN) Stock Rating Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Talen Energy (NASDAQ:TLN) from a hold rating to a strong sell rating in a report published on Thursday,Zacks reports.

Several other equities research analysts also recently commented on the stock. TD Cowen began coverage on shares of Talen Energy in a research note on Thursday. They issued a “buy” rating and a $475.00 price objective for the company. HSBC initiated coverage on shares of Talen Energy in a research report on Thursday. They set a “buy” rating and a $444.30 price objective on the stock. Susquehanna set a $449.00 target price on Talen Energy in a report on Friday, August 7th. Barclays decreased their target price on Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a research report on Tuesday, July 28th. Finally, Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and an average price target of $461.95.

Talen Energy Price Performance

TLN stock opened at $327.91 on Thursday. 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 one year low of $279.77 and a one year high of $449.84. The firm has a market capitalization of $15.71 billion, a PE ratio of -78.64 and a beta of 1.82. The firm has a 50-day moving average of $322.69 and a two-hundred day moving average of $350.75.

Talen Energy (NASDAQ:TLN) last announced its 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). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. The firm had revenue of $959.00 million during the quarter, compared to analyst estimates of $832.81 million. On average, analysts forecast that Talen Energy will post 21.15 earnings per share for the current year.

Institutional Trading of Talen Energy

A number of hedge funds have recently made changes to their positions in TLN. Continuum Advisory LLC purchased a new position in Talen Energy in the second quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Talen Energy in the 2nd quarter worth about $38,000. Grove Bank & Trust increased its position in 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 purchasing an additional 30 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Talen Energy in the 2nd quarter worth about $41,000. Finally, Silvant Capital Management LLC purchased a new stake in shares of Talen Energy during the 2nd quarter worth about $42,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.