FY2028 EPS Estimates for Talen Energy Cut by Seaport Res Ptn

Talen Energy Corporation (NASDAQ:TLN) – Research analysts at Seaport Res Ptn dropped their FY2028 earnings per share (EPS) estimates for Talen Energy in a report issued on Monday, April 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $33.58 per share for the year, down from their prior forecast of $35.18. The consensus estimate for Talen Energy’s current full-year earnings is $15.94 per share. Seaport Res Ptn also issued estimates for Talen Energy’s FY2029 earnings at $45.25 EPS.

A number of other equities research analysts have also recently issued reports on TLN. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target on the stock. UBS Group reduced their price objective on Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Finally, Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy currently has a consensus rating of “Buy” and an average price target of $240.18.

Talen Energy Stock Up 3.8 %

Shares of Talen Energy stock opened at $223.34 on Wednesday. Talen Energy has a twelve month low of $98.50 and a twelve month high of $258.03. The stock has a market capitalization of $10.16 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 2.70 and a beta of 1.93. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The business’s 50 day simple moving average is $200.65 and its 200-day simple moving average is $206.61.

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. acquired a new position in shares of Talen Energy in the 3rd quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Talen Energy in the 4th quarter worth approximately $240,000. Vanguard Group Inc. grew its position in Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after purchasing an additional 256,414 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Talen Energy by 37.3% in the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock valued at $1,114,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new stake in shares of Talen Energy in the fourth quarter worth $5,794,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Company Profile

Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.