Wall Street Zen downgraded shares of Talen Energy (NASDAQ:TLN – Free Report) from a hold rating to a sell rating in a report published on Saturday morning.
Other equities research analysts have also recently issued reports about the company. Barclays dropped their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating for the company in a research note on Tuesday, July 28th. The Goldman Sachs Group initiated coverage on Talen Energy in a research note on Thursday, June 18th. They set a “buy” rating and a $499.00 target price on the stock. Raymond James Financial restated an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a report on Monday, April 27th. Wells Fargo & Company lifted 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. Finally, Scotiabank lifted their target price on Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $475.75.
Get Our Latest Research Report on Talen Energy
Talen Energy Stock Performance
Talen Energy (NASDAQ:TLN – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). The company had revenue of $747.00 million during the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. Equities research analysts forecast that Talen Energy will post 26.42 EPS for the current year.
Insider Buying and Selling
In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares in the company, valued at $990,280. This represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.78% of the stock is owned by insiders.
Hedge Funds Weigh In On Talen Energy
Several hedge funds and other institutional investors have recently made changes to their positions in TLN. Meeder Advisory Services Inc. acquired a new position in shares of Talen Energy during the second quarter worth about $211,000. NINE MASTS CAPITAL Ltd acquired a new stake in Talen Energy in the second quarter valued at approximately $961,000. B & T Capital Management DBA Alpha Capital Management acquired a new stake in Talen Energy in the second quarter valued at approximately $647,000. BlackRock Inc. purchased a new position in Talen Energy in the second quarter worth approximately $1,673,803,000. Finally, Pallas Capital Advisors LLC purchased a new position in Talen Energy in the second quarter worth approximately $389,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.
About Talen Energy
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
- Five stocks we like better than Talen Energy
- Quantum Earnings Week: Winners and Losers Are Finally Emerging
- Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth
- Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside
- AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish
Receive News & Ratings for Talen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talen Energy and related companies with MarketBeat.com's FREE daily email newsletter.
