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

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $458.7692.

Several research firms have recently commented on TLN. Jefferies Financial Group downgraded Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 target price on the stock. in a research report on Tuesday, June 23rd. Wells Fargo & Company lifted their price target on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Finally, Barclays increased their price objective on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 19th.

Insider Activity at Talen Energy

In related news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Institutional Trading of Talen Energy

A number of institutional investors have recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in shares of Talen Energy by 3.6% during the first quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 36 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Talen Energy by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after buying an additional 36 shares during the period. Compound Planning Inc. boosted its stake in shares of Talen Energy by 4.7% in the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after buying an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after buying an additional 39 shares in the last quarter. Finally, Values First Advisors Inc. grew its position in Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after buying an additional 44 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

Talen Energy stock opened at $364.67 on Friday. The stock has a market cap of $17.47 billion, a P/E ratio of -544.28 and a beta of 1.82. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy has a twelve month low of $255.50 and a twelve month high of $451.28. The company’s 50-day moving average price is $376.69 and its two-hundred day moving average price is $361.59.

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).