Talen Energy’s (TLN) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Talen Energy (NASDAQ:TLN) in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other analysts have also recently issued research reports about the stock. Scotiabank initiated coverage on shares of Talen Energy in a report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 price target on the stock. Raymond James Financial initiated coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an “outperform” rating and a $314.00 price target on the stock. Melius initiated coverage on shares of Talen Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target on the stock. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the company an “outperform” rating in a report on Friday, July 11th. Finally, Melius Research boosted their target price on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $376.85.

Talen Energy Stock Performance

NASDAQ:TLN opened at $412.83 on Wednesday. The stock has a market cap of $18.86 billion, a P/E ratio of 116.95, a price-to-earnings-growth ratio of 2.39 and a beta of 1.88. The firm’s fifty day simple moving average is $396.79 and its 200 day simple moving average is $302.77. Talen Energy has a twelve month low of $148.02 and a twelve month high of $451.28. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of ($1.13) by $2.63. The business had revenue of $630.00 million for the quarter, compared to analysts’ expectations of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. As a group, research analysts predict that Talen Energy will post 15.94 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

Hedge funds have recently bought and sold shares of the company. Grove Bank & Trust bought a new position in Talen Energy in the 3rd quarter worth about $32,000. Atlantic Union Bankshares Corp purchased a new position in Talen Energy in the 2nd quarter worth about $27,000. MAI Capital Management raised its position in Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after buying an additional 59 shares during the last quarter. Signaturefd LLC raised its position in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after buying an additional 93 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in Talen Energy in the 1st quarter worth about $25,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Company Profile

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.