Talen Energy (NASDAQ:TLN) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Talen Energy (NASDAQ:TLN) from a sell rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

A number of other research firms have also issued reports on TLN. Jefferies Financial Group reduced their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a report on Monday, July 20th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a research report on Wednesday, August 19th. Canadian Imperial Bank of Commerce lowered their price target on Talen Energy from $499.00 to $493.00 and set an “outperform” rating on the stock in a report on Wednesday, October 28th. Barclays dropped their price target on Talen Energy from $408.00 to $387.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 27th. Finally, Bank of America reissued a “buy” rating on shares of Talen Energy in a research note on Tuesday, October 27th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and a consensus target price of $458.69.

Talen Energy Stock Up 7.1%

TLN stock opened at $338.64 on Friday. The company has a debt-to-equity ratio of 5.95, a current ratio of 0.89 and a quick ratio of 0.55. The firm has a market capitalization of $14.73 billion, a P/E ratio of -61.13 and a beta of 1.77. Talen Energy has a 52-week low of $279.77 and a 52-week high of $449.84. The company’s 50 day simple moving average is $327.21 and its 200-day simple moving average is $348.44.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Tuesday, November 3rd. The utilities provider reported $2.88 EPS for the quarter, missing analysts’ consensus estimates of $8.33 by ($5.45). Talen Energy had a positive return on equity of 53.70% and a negative net margin of 6.43%. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the business posted $4.25 EPS. As a group, equities research analysts anticipate that Talen Energy will post 15.26 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

Hedge funds have recently added to or reduced their stakes in the company. William Blair Investment Management LLC grew its position in Talen Energy by 36.2% in the third quarter. William Blair Investment Management LLC now owns 677,759 shares of the utilities provider’s stock worth $211,928,000 after acquiring an additional 180,099 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Talen Energy by 18.8% during the 3rd quarter. Allworth Financial LP now owns 323 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 51 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Talen Energy by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 35,802 shares of the utilities provider’s stock valued at $11,195,000 after purchasing an additional 3,535 shares in the last quarter. Eurizon Capital SGR S.p.A. lifted its stake in shares of Talen Energy by 124.1% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 4,443 shares of the utilities provider’s stock valued at $1,389,000 after purchasing an additional 2,460 shares during the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of Talen Energy by 10.1% in the 3rd quarter. King Luther Capital Management Corp now owns 11,519 shares of the utilities provider’s stock valued at $3,602,000 after purchasing an additional 1,056 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Corporation is an independent power producer that owns and operates electricity-generation facilities in the United States. Its portfolio includes nuclear, natural gas, coal, oil and hydroelectric assets, with the Susquehanna nuclear power plant in Pennsylvania among its major facilities.

The company sells electricity and related products, including capacity and ancillary services, primarily through wholesale power markets. Its operations are concentrated in the Mid-Atlantic region served by PJM Interconnection, with additional generation assets in other U.S.