Talen Energy Corporation (NASDAQ:TLN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Talen Energy Corporation (NASDAQ:TLN) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $466.8571.

TLN has been the subject of several research analyst reports. Wall Street Zen lowered shares of Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. BNP Paribas Exane reissued an “outperform” rating and issued a $560.00 price target on shares of Talen Energy in a research note on Wednesday, August 19th. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday. New Street Research set a $405.00 price objective on shares of Talen Energy in a research report on Monday, August 24th. Finally, Susquehanna set a $449.00 price objective on shares of Talen Energy in a research report on Friday, August 7th.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $296.11 on Monday. The firm has a market cap of $14.19 billion, a PE ratio of -71.01 and a beta of 1.90. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. Talen Energy has a 52 week low of $294.75 and a 52 week high of $451.28. The business’s fifty day simple moving average is $358.05 and its 200-day simple moving average is $356.15.

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). The business had revenue of $747.00 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 forecast that Talen Energy will post 21.99 earnings per share for the current year.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the transaction, the director directly owned 2,606 shares in the company, valued at $990,280. This represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.78% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talen Energy

Institutional investors and hedge funds have recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its holdings 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 last quarter. Ritholtz Wealth Management increased its holdings in shares of Talen Energy by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock valued at $334,000 after acquiring an additional 36 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Talen Energy by 4.7% in the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 38 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in shares of Talen Energy by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after acquiring an additional 39 shares in the last quarter. Finally, Values First Advisors Inc. raised its position in shares of Talen Energy by 4.7% during the 1st quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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).