Talen Energy Corporation (NASDAQ:TLN) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Talen Energy Corporation (NASDAQ:TLN) has earned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $458.69.

A number of equities analysts recently issued reports on TLN shares. HSBC began coverage on Talen Energy in a research note on Thursday, October 22nd. They issued a “buy” rating and a $444.30 target price for the company. Weiss Ratings cut Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Susquehanna set a $449.00 price target on shares of Talen Energy in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce cut their price target on shares of Talen Energy from $499.00 to $493.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Finally, Wells Fargo & Company reduced their price objective on shares of Talen Energy from $501.00 to $479.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th.

Institutional Trading of Talen Energy

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. purchased a new position in Talen Energy in the 3rd quarter valued at about $25,121,000. USS Investment Management Ltd boosted its holdings in Talen Energy by 45.2% in the 3rd quarter. USS Investment Management Ltd now owns 6,100 shares of the utilities provider’s stock worth $1,908,000 after buying an additional 1,900 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Talen Energy during the 3rd quarter worth approximately $262,000. Bornite Capital Management LP increased its stake in Talen Energy by 74.5% during the 3rd quarter. Bornite Capital Management LP now owns 274,820 shares of the utilities provider’s stock worth $85,933,000 after buying an additional 117,320 shares in the last quarter. Finally, Voya Investment Management LLC increased its stake in Talen Energy by 6.8% during the 3rd quarter. Voya Investment Management LLC now owns 18,599 shares of the utilities provider’s stock worth $5,816,000 after buying an additional 1,188 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Up 4.9%

Shares of NASDAQ TLN opened at $378.71 on Friday. The stock’s fifty day simple moving average is $331.56 and its two-hundred day simple moving average is $348.36. Talen Energy has a 12-month low of $279.77 and a 12-month high of $449.84. The company has a current ratio of 0.89, a quick ratio of 0.65 and a debt-to-equity ratio of 5.95. The stock has a market capitalization of $16.48 billion, a PE ratio of -68.36 and a beta of 1.77.

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

About Talen Energy

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. markets.