Talen Energy (NASDAQ:TLN) Reaches New 12-Month Low – What’s Next?

Talen Energy Corporation (NASDAQ:TLNGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $288.00 and last traded at $288.6730, with a volume of 662759 shares. The stock had previously closed at $312.74.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TLN shares. Wall Street Zen lowered Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Scotiabank raised their price objective on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Morgan Stanley reduced their price objective on shares of Talen Energy from $508.00 to $503.00 and set an “overweight” rating for the company in a research note on Friday, August 21st. Finally, Jefferies Financial Group decreased their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $459.17.

View Our Latest Analysis on Talen Energy

Talen Energy Stock Down 7.5%

The company has a market cap of $13.85 billion, a P/E ratio of -69.36 and a beta of 1.84. The company has a 50 day moving average of $341.05 and a 200-day moving average of $351.70. The company has a debt-to-equity ratio of 5.82, a current ratio of 0.78 and a quick ratio of 0.55.

Talen Energy (NASDAQ:TLNGet Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). The business had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. On average, equities analysts predict that Talen Energy Corporation will post 21.99 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new stake in Talen Energy during the second quarter valued at approximately $4,132,000. Ninepoint Partners LP purchased a new position in Talen Energy in the 2nd quarter worth approximately $1,694,000. 180 GPS Investments IC Ltd bought a new position in shares of Talen Energy in the 2nd quarter worth $8,636,000. Diversify Advisory Services LLC bought a new position in shares of Talen Energy in the 2nd quarter worth $12,228,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Talen Energy during the 2nd quarter valued at $1,213,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

About Talen Energy

(Get Free Report)

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.

Further Reading

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