Talen Energy Corporation (NASDAQ:TLN) Receives $459.17 Consensus Target Price from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $460.0833.

TLN has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Susquehanna set a $449.00 target price on shares of Talen Energy in a report on Friday, August 7th. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. New Street Research set a $405.00 price target on Talen Energy in a research note on Monday, August 24th. Finally, Jefferies Financial Group lowered 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.

Talen Energy Stock Down 1.8%

Talen Energy stock opened at $294.54 on Friday. 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 $279.77 and a 1-year high of $451.28. The company has a market cap of $14.11 billion, a PE ratio of -70.63 and a beta of 1.84. The stock’s 50 day moving average price is $328.26 and its 200 day moving average price is $348.02.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.21 by ($5.21). 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 43.32% and a negative net margin of 5.38%. On average, sell-side analysts predict that Talen Energy will post 21.99 EPS for the current fiscal year.

Institutional Trading of Talen Energy

Institutional investors have recently bought and sold shares of the company. Continuum Advisory LLC acquired a new stake in Talen Energy during the 2nd quarter valued at $33,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Talen Energy in the second quarter worth $38,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Talen Energy in the second quarter valued at $41,000. Silvant Capital Management LLC acquired a new stake in shares of Talen Energy during the second quarter valued at $42,000. Finally, Bessemer Group Inc. increased its position in Talen Energy by 404.0% during the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 101 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.