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

Talen Energy Corporation (NASDAQ:TLN) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $396.50.

A number of equities research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $443.00 price objective on shares of Talen Energy in a research note on Tuesday, December 16th. Scotiabank started coverage on shares of Talen Energy in a report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wells Fargo & Company lowered their target price on shares of Talen Energy from $453.00 to $445.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Finally, Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th.

Talen Energy Stock Performance

NASDAQ TLN opened at $370.83 on Friday. The firm has a market capitalization of $16.94 billion, a P/E ratio of 80.27, a PEG ratio of 0.58 and a beta of 1.97. The stock has a 50-day simple moving average of $375.65 and a two-hundred day simple moving average of $372.46. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. Talen Energy has a fifty-two week low of $158.08 and a fifty-two week high of $451.28.

Talen Energy (NASDAQ:TLN) last posted its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, topping the consensus estimate of $4.01 by $0.24. The firm 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%.Talen Energy’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the company earned $3.16 earnings per share. On average, equities analysts forecast that Talen Energy will post 15.94 earnings per share for the current year.

Hedge Funds Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently modified their holdings of TLN. Vanguard Group Inc. grew its stake in Talen Energy by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock valued at $1,924,061,000 after acquiring an additional 117,266 shares in the last quarter. Reaves W H & Co. Inc. boosted its holdings in shares of Talen Energy by 12.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock worth $600,014,000 after purchasing an additional 158,047 shares during the last quarter. State Street Corp grew its position in shares of Talen Energy by 88.2% in the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after purchasing an additional 627,467 shares in the last quarter. Lone Pine Capital LLC increased its holdings in shares of Talen Energy by 9.5% in the third quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock valued at $507,272,000 after purchasing an additional 103,136 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Talen Energy by 77.5% in the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock valued at $452,189,000 after purchasing an additional 464,014 shares during the last quarter. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).