Talen Energy (NASDAQ:TLN) Now Covered by Mizuho

Research analysts at Mizuho began coverage on shares of Talen Energy (NASDAQ:TLN) in a research report issued to clients and investors on Monday,Benzinga reports. The firm set an “outperform” rating and a $405.00 price target on the utilities provider’s stock. Mizuho’s price objective would suggest a potential upside of 28.79% from the company’s current price.

TLN has been the topic of several other research reports. Morgan Stanley cut their target price on Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a research report on Friday. Raymond James Financial reissued an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research note on Monday, April 27th. Jefferies Financial Group cut their price target on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $560.00 price objective on shares of Talen Energy in a research report on Wednesday. Finally, Susquehanna set a $449.00 price objective on shares of Talen Energy in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and an average target price of $466.86.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $314.46 on Monday. The company has a 50 day simple moving average of $369.15 and a 200 day simple moving average of $357.29. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55. Talen Energy has a 1 year low of $301.45 and a 1 year high of $451.28. The firm has a market cap of $15.07 billion, a PE ratio of -75.41 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. On average, research analysts forecast that Talen Energy will post 25.07 EPS for the current year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System increased its holdings in Talen Energy by 39,750.4% during the 2nd quarter. California State Teachers Retirement System now owns 18,232,753 shares of the utilities provider’s stock worth $7,006,118,000 after purchasing an additional 18,187,000 shares in the last quarter. BlackRock Inc. bought a new position in shares of Talen Energy in the second quarter valued at approximately $1,673,803,000. MFN Partners Management LP bought a new position in shares of Talen Energy in the second quarter valued at approximately $1,152,780,000,000. State Street Corp boosted its position in shares of Talen Energy by 88.2% during the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after buying an additional 627,467 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Talen Energy during the fourth quarter valued at approximately $225,930,000. Institutional investors and hedge funds 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).