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

Talen Energy Corporation (NASDAQ:TLN) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $438.1667.

TLN has been the subject of a number of recent analyst reports. Morgan Stanley set a $474.00 price target on Talen Energy in a report on Friday, February 20th. Barclays dropped their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. BNP Paribas Exane started coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. Weiss Ratings downgraded Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Finally, Wells Fargo & Company boosted their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th.

Talen Energy Stock Down 1.6%

Shares of TLN opened at $323.13 on Friday. The company has a market capitalization of $14.67 billion, a PE ratio of -65.41, a PEG ratio of 0.46 and a beta of 1.94. Talen Energy has a 12 month low of $162.31 and a 12 month high of $451.28. The stock’s 50-day moving average price is $349.81 and its two-hundred day moving average price is $377.10. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20.

Institutional Investors Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its stake in shares of Talen Energy by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after buying an additional 36 shares in the last quarter. Compound Planning Inc. increased its position in shares of Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after acquiring an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Talen Energy by 0.4% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after acquiring an additional 39 shares during the last quarter. Berbice Capital Management LLC raised its holdings in shares of Talen Energy by 19.1% in the 4th quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 45 shares during the last quarter. Finally, Red Door Wealth Management LLC lifted its position in Talen Energy by 2.2% in the 4th quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after acquiring an additional 47 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

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).