Talen Energy Corporation (NASDAQ:TLN) Receives Average Rating of “Moderate Buy” from Analysts

Talen Energy Corporation (NASDAQ:TLN) has been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $448.5833.

Several equities research analysts have recently issued reports on TLN shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research note on Thursday, May 21st. JPMorgan Chase & Co. lowered their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. BNP Paribas Exane started coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, Barclays raised their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th.

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new stake in shares of Talen Energy during the 1st quarter worth approximately $69,000. South Dakota Investment Council increased its holdings in Talen Energy by 7.1% during the 1st quarter. South Dakota Investment Council now owns 3,063 shares of the utilities provider’s stock worth $978,000 after purchasing an additional 203 shares during the period. Sunbelt Securities Inc. increased its holdings in Talen Energy by 2,932.5% during the 1st quarter. Sunbelt Securities Inc. now owns 7,187 shares of the utilities provider’s stock worth $2,294,000 after purchasing an additional 6,950 shares during the period. Amundi increased its holdings in Talen Energy by 23.7% during the 1st quarter. Amundi now owns 85,720 shares of the utilities provider’s stock worth $27,364,000 after purchasing an additional 16,400 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Talen Energy by 24.0% during the 1st quarter. California State Teachers Retirement System now owns 45,753 shares of the utilities provider’s stock worth $14,606,000 after purchasing an additional 8,859 shares during the period. 0.38% of the stock is owned by institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $358.74 on Wednesday. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of -535.42 and a beta of 1.80. Talen Energy has a 1 year low of $246.95 and a 1 year high of $451.28. The business has a 50 day simple moving average of $355.35 and a 200-day simple moving average of $358.69. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05.

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).