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

Talen Energy Corporation (NASDAQ:TLN) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $413.25.

TLN has been the subject of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, January 21st. Wells Fargo & Company upped their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley lifted their price target on shares of Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, January 16th. JPMorgan Chase & Co. increased their price objective on Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Finally, Barclays lifted their target price on Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a report on Friday, January 9th.

Talen Energy Stock Down 7.1%

Shares of NASDAQ:TLN opened at $317.05 on Thursday. 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 52-week low of $158.08 and a 52-week high of $451.28. The company has a market capitalization of $14.49 billion, a PE ratio of 68.63, a price-to-earnings-growth ratio of 0.51 and a beta of 1.98. The company has a fifty day moving average of $369.40 and a 200-day moving average of $382.60.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share for the quarter, topping analysts’ consensus estimates 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%.Talen Energy’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.16 EPS. On average, equities analysts predict that Talen Energy will post 15.94 EPS for the current fiscal year.

Institutional Trading of Talen Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Talen Energy by 88.2% during the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock worth $569,455,000 after acquiring an additional 627,467 shares during the period. Norges Bank bought a new stake in shares of Talen Energy during the 2nd quarter valued at about $168,188,000. Invesco Ltd. grew its stake in Talen Energy by 77.5% during the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after purchasing an additional 464,014 shares during the period. Voloridge Investment Management LLC increased its holdings in Talen Energy by 475.3% in the third quarter. Voloridge Investment Management LLC now owns 259,475 shares of the utilities provider’s stock worth $110,375,000 after purchasing an additional 214,371 shares in the last quarter. Finally, Third Point LLC lifted its stake in Talen Energy by 34.2% in the second quarter. Third Point LLC now owns 785,000 shares of the utilities provider’s stock valued at $228,254,000 after buying an additional 200,000 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

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).