Talen Energy (NASDAQ:TLN) Cut to Strong Sell at Zacks Research

Talen Energy (NASDAQ:TLN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday, Zacks reports.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley dropped their target price on Talen Energy from $514.00 to $504.00 and set an “overweight” rating on the stock in a research report on Wednesday. New Street Research set a $405.00 target price on Talen Energy in a research note on Monday, August 24th. Wells Fargo & Company upped their target price on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. BNP Paribas Exane reissued an “outperform” rating and issued a $560.00 price objective on shares of Talen Energy in a report on Wednesday, August 19th. Finally, TD Cowen initiated coverage on Talen Energy in a research report on Thursday. They issued a “buy” rating and a $475.00 price target on the stock. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $461.95.

Talen Energy Price Performance

Shares of TLN stock opened at $327.91 on Thursday. Talen Energy has a 12-month low of $279.77 and a 12-month high of $449.84. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of -78.64 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. The firm has a fifty day moving average of $322.69 and a 200-day moving average of $350.75.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) 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 firm had revenue of $959.00 million during the quarter, compared to the consensus estimate of $832.81 million. On average, equities research analysts forecast that Talen Energy will post 21.15 earnings per share for the current year.

Institutional Investors Weigh In On Talen Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Evergreen Capital Management LLC lifted its stake in Talen Energy by 8.0% in the third quarter. Evergreen Capital Management LLC now owns 1,397 shares of the utilities provider’s stock valued at $437,000 after buying an additional 103 shares during the period. RWC Asset Management LLP boosted its holdings in shares of Talen Energy by 19.8% during the 3rd quarter. RWC Asset Management LLP now owns 50,306 shares of the utilities provider’s stock worth $15,730,000 after buying an additional 8,312 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Talen Energy by 1,781.5% during the 3rd quarter. Sterling Capital Management LLC now owns 11,571 shares of the utilities provider’s stock worth $3,618,000 after buying an additional 10,956 shares during the period. Inspire Investing LLC grew its position in shares of Talen Energy by 17.1% during the 3rd quarter. Inspire Investing LLC now owns 2,497 shares of the utilities provider’s stock worth $781,000 after buying an additional 365 shares during the period. Finally, Crescent Grove Advisors LLC grew its position in shares of Talen Energy by 80.1% during the 3rd quarter. Crescent Grove Advisors LLC now owns 1,255 shares of the utilities provider’s stock worth $392,000 after buying an additional 558 shares during the period. Institutional investors own 0.38% of the company’s stock.

About Talen Energy

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.