Talen Energy (NASDAQ:TLN) Upgraded to Strong-Buy at Zacks Research

Talen Energy (NASDAQ:TLNGet Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research report on Monday, April 27th. Jefferies Financial Group reduced their price target on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research report on Monday, July 20th. Scotiabank upped their price target on shares of Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. Finally, Barclays cut their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $476.45.

View Our Latest Research Report on TLN

Talen Energy Trading Up 5.2%

NASDAQ TLN opened at $332.54 on Wednesday. The company has a 50-day moving average of $378.79 and a 200-day moving average of $360.36. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. Talen Energy has a 12 month low of $301.45 and a 12 month high of $451.28. The company has a market cap of $15.93 billion, a P/E ratio of -496.32 and a beta of 1.82.

Insider Buying and Selling

In related news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.78% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. raised its position in shares of Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 36 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Talen Energy by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after purchasing an additional 36 shares during the last quarter. Compound Planning Inc. boosted its position in Talen Energy by 4.7% during the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Talen Energy by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after purchasing an additional 39 shares during the period. Finally, Values First Advisors Inc. boosted its position in Talen Energy by 4.7% during the 1st quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Key Headlines Impacting Talen Energy

Here are the key news stories impacting Talen Energy this week:

Talen Energy Company Profile

(Get Free Report)

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).

Further Reading

Analyst Recommendations for Talen Energy (NASDAQ:TLN)

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