Talen Energy Corporation (NASDAQ:TLN) Receives $476.45 Average PT from Analysts

Talen Energy Corporation (NASDAQ:TLN) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $476.4545.

A number of equities analysts have issued reports on TLN shares. Scotiabank lifted their target price on shares of Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. The Goldman Sachs Group started coverage on Talen Energy in a research report on Thursday, June 18th. They set a “buy” rating and a $499.00 price objective for the company. Barclays lowered their target price on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Zacks Research raised Talen Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th.

Insider Transactions at Talen Energy

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This represents a 49.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new position in shares of Talen Energy during the fourth quarter valued at approximately $27,000. Advisory Services Network LLC purchased a new stake in Talen Energy in the 3rd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. grew its stake in Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 90 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Talen Energy in the 4th quarter valued at $39,000. Finally, Bessemer Group Inc. raised its holdings in Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 101 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Down 3.0%

Shares of TLN stock opened at $329.84 on Thursday. Talen Energy has a fifty-two week low of $301.45 and a fifty-two week high of $451.28. The stock has a market cap of $15.80 billion, a P/E ratio of -492.29 and a beta of 1.90. The business has a fifty day simple moving average of $375.49 and a 200-day simple moving average of $359.02. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $3.21 by ($3.05). The business had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $832.81 million. Talen Energy had a positive return on equity of 41.58% and a negative net margin of 0.63%. On average, analysts forecast that Talen Energy will post 25.62 earnings per share for the current fiscal year.

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).