Brokerages Set Talen Energy Corp. (TLN) PT at $16.50
Talen Energy Corp. (NYSE:TLN) has been given an average recommendation of “Hold” by the seven ratings firms that are covering the company. Seven research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $16.50.
Several research firms recently weighed in on TLN. Deutsche Bank AG reiterated a “hold” rating on shares of Talen Energy Corp. in a research report on Thursday, August 25th. Zacks Investment Research upgraded Talen Energy Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd.
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Institutional investors have recently added to or reduced their stakes in the company. CNH Partners LLC purchased a new position in Talen Energy Corp. during the second quarter worth approximately $31,035,000. Alpine Associates Management Inc. bought a new stake in shares of Talen Energy Corp. during the second quarter valued at approximately $29,406,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Talen Energy Corp. during the second quarter valued at approximately $22,115,000. Panagora Asset Management Inc. increased its stake in shares of Talen Energy Corp. by 507.9% in the first quarter. Panagora Asset Management Inc. now owns 921,420 shares of the company’s stock valued at $8,293,000 after buying an additional 769,857 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Talen Energy Corp. by 21.4% in the second quarter. JPMorgan Chase & Co. now owns 4,267,346 shares of the company’s stock valued at $57,823,000 after buying an additional 751,799 shares during the last quarter. Institutional investors own 95.89% of the company’s stock.
Talen Energy Corp. (NYSE:TLN) opened at 13.93 on Friday. The stock’s 50 day moving average price is $13.92 and its 200-day moving average price is $13.59. The firm has a market capitalization of $1.79 billion, a P/E ratio of 10.36 and a beta of 1.17. Talen Energy Corp. has a 12 month low of $5.73 and a 12 month high of $14.03.
Talen Energy Corp. (NYSE:TLN) last released its earnings results on Thursday, November 10th. The company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. Talen Energy Corp. had a return on equity of 4.81% and a net margin of 4.11%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $977.73 million. During the same period in the prior year, the business posted ($3.12) earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. On average, analysts forecast that Talen Energy Corp. will post $1.38 earnings per share for the current year.
Talen Energy Corp. Company Profile
Talen Energy Corporation, through its principal subsidiary, Talen Energy Supply, LLC, is an energy and power generation and marketing company. The Company operates through two segments: East and West. The East segment includes the generating, marketing and trading activities in PJM Interconnection, LLC.
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