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

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $240.18.

A number of research analysts recently issued reports on the company. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 target price on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price on the stock. Finally, Barclays cut their target price on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th.

Talen Energy Stock Down 0.6%

TLN opened at $243.26 on Friday. Talen Energy has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The firm’s fifty day moving average price is $216.58 and its two-hundred day moving average price is $215.37. The company has a market capitalization of $11.07 billion, a P/E ratio of 13.02, a P/E/G ratio of 2.70 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. On average, analysts anticipate that Talen Energy will post 15.94 EPS for the current year.

Institutional Trading of Talen Energy

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after buying an additional 256,414 shares during the period. Fred Alger Management LLC raised its holdings in Talen Energy by 56.3% during the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock worth $297,937,000 after buying an additional 537,398 shares during the period. William Blair Investment Management LLC acquired a new stake in Talen Energy during the 4th quarter worth approximately $239,984,000. Lone Pine Capital LLC raised its holdings in Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider’s stock worth $219,477,000 after buying an additional 233,165 shares during the period. Finally, Invesco Ltd. raised its holdings in Talen Energy by 32.8% during the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider’s stock worth $131,455,000 after buying an additional 161,269 shares during the period. 0.38% of the stock is currently owned by institutional investors and hedge funds.

About Talen Energy

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.