Talen Energy Corporation (NASDAQ:TLN) Stock Has Average Price Target of $460.08 According to Brokerages

Talen Energy Corporation (NASDAQ:TLN) has received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $460.08.

A number of research firms have recently commented on TLN. Barclays dropped their target price on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a report on Tuesday, July 28th. New Street Research set a $405.00 price target on shares of Talen Energy in a report on Monday, August 24th. Morgan Stanley upped their price objective on shares of Talen Energy from $503.00 to $514.00 and gave the stock an “overweight” rating in a research report on Friday, September 18th. Scotiabank increased their price objective on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group cut their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th.

Talen Energy Price Performance

Shares of TLN stock opened at $353.60 on Tuesday. The business has a fifty day simple moving average of $323.91 and a 200 day simple moving average of $349.99. The company has a market cap of $16.94 billion, a P/E ratio of -84.80 and a beta of 1.82. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. Talen Energy has a twelve month low of $279.77 and a twelve month high of $449.84.

Talen Energy (NASDAQ:TLN) last released its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The business had revenue of $959.00 million during the quarter, compared to the consensus estimate of $832.81 million. On average, sell-side analysts forecast that Talen Energy will post 21.99 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TLN. BlackRock Inc. acquired a new stake in Talen Energy during the 2nd quarter worth approximately $1,673,803,000. MFN Partners Management LP bought a new stake in shares of Talen Energy in the second quarter worth $1,152,780,000. Two Seas Capital LP acquired a new stake in Talen Energy in the second quarter valued at $194,900,000. William Blair Investment Management LLC acquired a new stake in Talen Energy in the second quarter valued at $191,231,000. Finally, Sachem Head Capital Management LP increased its holdings in Talen Energy by 72.4% in the fourth quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock valued at $374,840,000 after purchasing an additional 420,000 shares during the period. 0.38% of the stock is currently owned by institutional investors.

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.