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

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $395.7143.

Several brokerages have recently weighed in on TLN. Morgan Stanley reaffirmed an “overweight” rating and issued a $442.00 price target on shares of Talen Energy in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. increased their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Scotiabank assumed coverage on shares of Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 target price for the company. Melius Research increased their target price on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, Melius assumed coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 target price for the company.

Talen Energy Price Performance

Shares of TLN opened at $407.12 on Tuesday. The company has a 50 day moving average price of $402.64 and a 200-day moving average price of $320.45. Talen Energy has a fifty-two week low of $158.08 and a fifty-two week high of $451.28. The stock has a market capitalization of $18.60 billion, a PE ratio of 115.33, a PEG ratio of 2.09 and a beta of 1.88. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

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

Institutional Investors Weigh In On Talen Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. lifted its position in Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 55 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after buying an additional 56 shares during the last quarter. MAI Capital Management raised its holdings in shares of Talen Energy by 115.7% in the second 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. Main Management ETF Advisors LLC raised its holdings in shares of Talen Energy by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 60 shares during the last quarter. Finally, Grove Bank & Trust purchased a new position in shares of Talen Energy in the third quarter worth $32,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.