Analysts Set Expectations for Talen Energy FY2029 Earnings

Talen Energy Corporation (NASDAQ:TLN) – Analysts at Seaport Res Ptn increased their FY2029 earnings per share (EPS) estimates for Talen Energy in a report issued on Thursday, November 20th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $54.21 for the year, up from their previous forecast of $52.13. The consensus estimate for Talen Energy’s current full-year earnings is $15.94 per share.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. The business had revenue of $812.00 million for the quarter, compared to analyst estimates of $707.90 million. Talen Energy had a return on equity of 13.52% and a net margin of 9.83%.The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.16 EPS.

Other equities research analysts also recently issued reports about the stock. Melius Research boosted their price target on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Morgan Stanley dropped their target price on shares of Talen Energy from $442.00 to $441.00 and set an “overweight” rating for the company in a report on Tuesday, October 28th. Melius started coverage on Talen Energy in a research note on Wednesday, August 20th. They set a “buy” rating and a $427.00 price target on the stock. Scotiabank initiated coverage on Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price target for the company. Finally, Zacks Research cut Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Fourteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $395.07.

Talen Energy Trading Down 0.9%

NASDAQ TLN opened at $365.96 on Friday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The stock has a market capitalization of $16.72 billion, a P/E ratio of 79.21, a PEG ratio of 2.25 and a beta of 1.83. The firm’s 50-day moving average is $404.32 and its two-hundred day moving average is $343.65. Talen Energy has a 12 month low of $158.08 and a 12 month high of $451.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its stake in Talen Energy by 44.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 28,620 shares of the utilities provider’s stock worth $5,715,000 after purchasing an additional 8,814 shares in the last quarter. CWM LLC boosted its stake in shares of Talen Energy by 74.8% in the 1st quarter. CWM LLC now owns 727 shares of the utilities provider’s stock valued at $145,000 after buying an additional 311 shares during the period. Signaturefd LLC grew its position in shares of Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after buying an additional 93 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Talen Energy by 45.9% during the first quarter. Victory Capital Management Inc. now owns 14,098 shares of the utilities provider’s stock worth $2,815,000 after buying an additional 4,438 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Talen Energy by 42.4% during 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 period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

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.