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

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $410.9167.

A number of analysts recently weighed in on TLN shares. Wells Fargo & Company upped their target price on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research report on Friday, February 20th. Weiss Ratings downgraded Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Barclays dropped their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new position in shares of Talen Energy during the second quarter valued at about $27,000. Flagship Harbor Advisors LLC purchased a new stake in Talen Energy during the 4th quarter valued at about $27,000. MAI Capital Management boosted its holdings 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 acquiring an additional 59 shares during the period. Grove Bank & Trust bought a new position in Talen Energy during the 3rd quarter worth approximately $32,000. Finally, Assetmark Inc. increased its stake in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Trading Down 4.9%

Shares of TLN opened at $370.97 on Monday. Talen Energy has a twelve month low of $158.08 and a twelve month high of $451.28. The stock has a market cap of $16.95 billion, a PE ratio of -75.09, a P/E/G ratio of 0.56 and a beta of 1.94. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. The business’s 50-day moving average price is $370.31 and its 200-day moving average price is $383.54.

About Talen Energy

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).