Talen Energy Corporation (NASDAQ:TLN) Stock Has Consensus Target Price of $459.17 According to Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $460.08.

A number of brokerages have weighed in on TLN. The Goldman Sachs Group reiterated a “buy” rating and set a $509.00 price target on shares of Talen Energy in a research report on Monday, August 10th. New Street Research set a $405.00 price objective on shares of Talen Energy in a research report on Monday, August 24th. Morgan Stanley lifted their target price on shares of Talen Energy from $503.00 to $514.00 and gave the company an “overweight” rating in a report on Friday, September 18th. Scotiabank boosted their target price on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th.

Hedge Funds Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TLN. Oppenheimer Asset Management Inc. acquired a new position in Talen Energy during the 2nd quarter valued at about $4,132,000. Ninepoint Partners LP bought a new position in Talen Energy during the second quarter valued at about $1,694,000. 180 GPS Investments IC Ltd acquired a new position in shares of Talen Energy in the 2nd quarter worth approximately $8,636,000. Diversify Advisory Services LLC bought a new position in shares of Talen Energy in the second quarter valued at $12,228,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Talen Energy during the second quarter worth $1,213,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

Talen Energy stock opened at $300.01 on Friday. Talen Energy has a 52-week low of $279.77 and a 52-week high of $451.28. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of -71.94 and a beta of 1.84. The company has a fifty day simple moving average of $324.90 and a 200-day simple moving average of $347.64. 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 (NASDAQ:TLN) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). The business had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. On average, equities analysts anticipate that Talen Energy will post 21.99 EPS for the current fiscal year.

Talen Energy Company Profile

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.