Talen Energy Corporation (NASDAQ:TLN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $413.25.

TLN has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Morgan Stanley upped their target price on Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Wells Fargo & Company lifted their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Barclays upped their price objective on shares of Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st.

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new position in shares of Talen Energy during the second quarter valued at approximately $27,000. Flagship Harbor Advisors LLC bought a new position in Talen Energy during the 4th quarter valued at $27,000. MAI Capital Management boosted its holdings in Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares during the last quarter. Grove Bank & Trust bought a new stake in shares of Talen Energy in the 3rd quarter worth $32,000. Finally, Assetmark Inc. raised its holdings in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Trading Down 7.1%

NASDAQ:TLN opened at $317.05 on Thursday. Talen Energy has a 12 month low of $158.08 and a 12 month high of $451.28. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 68.63, a PEG ratio of 0.51 and a beta of 1.98. The firm has a fifty day simple moving average of $369.40 and a two-hundred day simple moving average of $382.60.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, beating the consensus estimate of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The firm had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. During the same quarter in the prior year, the business earned $3.16 earnings per share. The business’s quarterly revenue was up 24.9% compared to the same quarter last year. Analysts expect that Talen Energy will post 15.94 EPS for the current fiscal year.

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).