Talen Energy (NASDAQ:TLN) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Talen Energy (NASDAQ:TLN) to a strong-buy rating in a report issued on Monday morning,Zacks.com reports.

A number of other research firms also recently weighed in on TLN. Scotiabank assumed coverage on shares of Talen Energy in a research note on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price target on the stock. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Melius assumed coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group increased their price target on shares of Talen Energy from $326.00 to $380.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $395.64.

Talen Energy Stock Up 1.2%

Shares of NASDAQ TLN opened at $398.55 on Monday. Talen Energy has a 12-month low of $158.08 and a 12-month high of $451.28. The company has a market capitalization of $18.21 billion, a PE ratio of 112.90, a price-to-earnings-growth ratio of 2.02 and a beta of 1.88. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The firm’s 50-day moving average is $403.92 and its two-hundred day moving average is $323.23.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Talen Energy during the 1st quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy in the 2nd quarter worth approximately $27,000. MAI Capital Management boosted its position in Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 59 shares during the period. Finally, Grove Bank & Trust acquired a new position in Talen Energy during the 3rd quarter valued at approximately $32,000. 0.38% of the stock is owned by institutional investors and hedge funds.

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.