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

Talen Energy Corporation (NASDAQ:TLN) has earned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $395.0714.

A number of equities analysts have commented on TLN shares. Wells Fargo & Company reduced their price objective on Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Melius started coverage on shares of Talen Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target on the stock. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Scotiabank assumed coverage on shares of Talen Energy in a research note on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 target price for the company. Finally, Barclays decreased their price target on shares of Talen Energy from $440.00 to $439.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TLN. Wedbush Securities Inc. increased its position in Talen Energy by 4.4% in the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock worth $263,000 after purchasing an additional 55 shares during the period. IFP Advisors Inc boosted its stake in shares of Talen Energy by 42.4% in the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 56 shares during the last quarter. MAI Capital Management grew its position in shares of 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 buying an additional 59 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Talen Energy by 8.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 787 shares of the utilities provider’s stock worth $335,000 after buying an additional 59 shares during the period. Finally, Main Management ETF Advisors LLC raised its stake in shares of Talen Energy by 1.7% during 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. Institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Down 0.9%

Shares of TLN stock opened at $365.96 on Friday. The company has a market capitalization of $16.72 billion, a P/E ratio of 79.21, a P/E/G ratio of 2.26 and a beta of 1.83. Talen Energy has a 12-month low of $158.08 and a 12-month high of $451.28. The company has a quick ratio of 1.72, a current ratio of 2.29 and a debt-to-equity ratio of 2.02. The firm has a 50-day moving average price of $404.32 and a 200 day moving average price of $342.89.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, topping the consensus estimate of $4.01 by $0.24. The company had revenue of $812.00 million during the quarter, compared to analyst estimates of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter last year, the business posted $3.16 earnings per share. Research analysts forecast that Talen Energy will post 15.94 earnings per share for the current fiscal year.

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.