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

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

TLN has been the topic of several other reports. Barclays cut their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. UBS Group cut their price objective on Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, March 28th. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Talen Energy currently has an average rating of “Moderate Buy” and a consensus price target of $246.33.

Talen Energy Trading Up 0.8%

TLN opened at $277.16 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy has a fifty-two week low of $98.50 and a fifty-two week high of $280.29. The company’s 50 day moving average price is $229.94 and its two-hundred day moving average price is $219.02. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.70 and a beta of 1.78.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. As a group, research analysts predict that Talen Energy will post 15.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TLN. Signaturefd LLC increased its stake in Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new position in Talen Energy during the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new position in Talen Energy in the first quarter worth approximately $35,000. LRI Investments LLC grew its stake in Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Talen Energy during the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

About Talen Energy

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.