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

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

Other research analysts have also recently issued research reports about the stock. Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target for the company. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Barclays dropped 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. Susquehanna reaffirmed an “overweight” rating on shares of Talen Energy in a report on Thursday, June 12th. Finally, UBS Group upped their price objective on Talen Energy from $296.00 to $366.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.25.

Talen Energy Trading Down 3.7%

TLN opened at $279.99 on Monday. The business has a fifty day moving average price of $251.62 and a 200 day moving average price of $225.32. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. Talen Energy has a 12 month low of $98.50 and a 12 month high of $301.70. The stock has a market capitalization of $12.74 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 6.98 and a beta of 1.85.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data 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 11.47% and a net margin of 28.51%. The company had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Sell-side analysts expect that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the sale, the insider directly owned 5,734,970 shares of the company’s stock, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 388,530 shares of company stock worth $114,090,933 in the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TLN. Geneos Wealth Management Inc. boosted its holdings in shares of Talen Energy by 290.8% in the first quarter. Geneos Wealth Management Inc. now owns 762 shares of the utilities provider’s stock valued at $152,000 after acquiring an additional 567 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Talen Energy by 15.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock valued at $9,794,000 after purchasing an additional 6,498 shares during the last quarter. Zimmer Partners LP boosted its stake in Talen Energy by 26.3% during the 1st quarter. Zimmer Partners LP now owns 15,370 shares of the utilities provider’s stock worth $3,069,000 after purchasing an additional 3,200 shares during the period. Clearline Capital LP acquired a new stake in Talen Energy during the 1st quarter worth $18,547,000. Finally, Aristeia Capital L.L.C. grew its position in Talen Energy by 95.0% during the 1st quarter. Aristeia Capital L.L.C. now owns 2,204 shares of the utilities provider’s stock worth $440,000 after purchasing an additional 1,074 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.