Wall Street Zen Upgrades Talen Energy (NASDAQ:TLN) to Hold

Talen Energy (NASDAQ:TLN) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Zacks Research lowered shares of Talen Energy from a “hold” rating to a “strong sell” rating in a report on Thursday, October 22nd. TD Cowen assumed coverage on shares of Talen Energy in a research report on Thursday, October 22nd. They issued a “buy” rating and a $475.00 target price for the company. Jefferies Financial Group cut their price target on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a report on Monday, July 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $458.69.

Talen Energy Price Performance

TLN opened at $338.64 on Friday. The stock has a fifty day moving average of $327.21 and a 200-day moving average of $348.44. The company 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 fifty-two week low of $279.77 and a fifty-two week high of $449.84. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.65 and a current ratio of 0.89.

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

Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TLN. William Blair Investment Management LLC grew its position in shares of Talen Energy by 36.2% during the 3rd quarter. William Blair Investment Management LLC now owns 677,759 shares of the utilities provider’s stock valued at $211,928,000 after purchasing an additional 180,099 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Talen Energy by 18.8% in the third quarter. Allworth Financial LP now owns 323 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 51 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Talen Energy by 11.0% in the third quarter. Russell Investments Group Ltd. now owns 35,802 shares of the utilities provider’s stock worth $11,195,000 after purchasing an additional 3,535 shares during the period. Eurizon Capital SGR S.p.A. grew its position in Talen Energy by 124.1% during the third quarter. Eurizon Capital SGR S.p.A. now owns 4,443 shares of the utilities provider’s stock worth $1,389,000 after buying an additional 2,460 shares in the last quarter. Finally, King Luther Capital Management Corp grew its position in Talen Energy by 10.1% during the third quarter. King Luther Capital Management Corp now owns 11,519 shares of the utilities provider’s stock worth $3,602,000 after buying an additional 1,056 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors.

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.