Talen Energy (NASDAQ:TLN) Stock Bumped Up to “Strong-Buy” by Canadian Imperial Bank of Commerce

Talen Energy (NASDAQ:TLN) was upgraded by stock analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a research note issued to investors on Thursday, Zacks reports.

TLN has been the subject of several other reports. Barclays reduced their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a research report on Tuesday, July 28th. Jefferies Financial Group lowered their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Wells Fargo & Company lifted their target price on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. Scotiabank boosted their price target on Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. Finally, New Street Research set a $405.00 price target on Talen Energy in a research report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $463.08.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded up $1.21 during trading on Thursday, reaching $354.81. The stock had a trading volume of 737,500 shares, compared to its average volume of 1,181,225. The stock has a market cap of $17.00 billion, a PE ratio of -85.09 and a beta of 1.82. The firm’s 50 day moving average price is $324.05 and its two-hundred day moving average price is $350.03. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. Talen Energy has a one year low of $279.77 and a one year high of $449.84.

Talen Energy (NASDAQ:TLN) last issued its 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 company had revenue of $959.00 million during the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. On average, research analysts forecast that Talen Energy will post 21.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors have recently added to or reduced their stakes in TLN. BlackRock Inc. bought a new position in Talen Energy during the 2nd quarter valued at $1,673,803,000. MFN Partners Management LP bought a new stake in shares of Talen Energy in the 2nd quarter worth $1,152,780,000. Two Seas Capital LP acquired a new stake in shares of Talen Energy in the second quarter valued at $194,900,000. William Blair Investment Management LLC acquired a new stake in shares of Talen Energy in the second quarter valued at $191,231,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Talen Energy in the second quarter valued at $111,768,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

About Talen Energy

Talen Energy Corporation (NASDAQ: TLN) is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen’s generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.