Talen Energy Corporation (NASDAQ:TLN – Free Report) – Scotiabank boosted their FY2027 EPS estimates for shares of Talen Energy in a report issued on Wednesday, August 19th. Scotiabank analyst A. Weisel now anticipates that the utilities provider will post earnings per share of $29.11 for the year, up from their previous forecast of $27.28. Scotiabank currently has a “Sector Perform” rating and a $470.00 price objective on the stock. The consensus estimate for Talen Energy’s current full-year earnings is $25.07 per share.
A number of other equities research analysts also recently issued reports on the stock. BNP Paribas Exane restated an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a report on Wednesday, August 19th. Wells Fargo & Company increased their target price on Talen Energy from $482.00 to $501.00 and gave the company an “overweight” rating in a research note on Thursday, August 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Raymond James Financial restated an “outperform” rating and set a $457.00 price objective on shares of Talen Energy in a report on Monday, April 27th. Finally, Zacks Research raised shares of Talen Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $466.86.
Talen Energy Price Performance
Shares of NASDAQ:TLN opened at $305.54 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The company has a market cap of $14.64 billion, a P/E ratio of -73.27 and a beta of 1.90. The business has a fifty day simple moving average of $367.53 and a 200-day simple moving average of $357.04. Talen Energy has a 52 week low of $301.45 and a 52 week high of $451.28.
Talen Energy (NASDAQ:TLN – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The firm 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%.
Institutional Investors Weigh In On Talen Energy
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi bought a new stake in shares of Talen Energy in the 1st quarter worth $299,000. AQR Capital Management LLC purchased a new stake in Talen Energy during the first quarter valued at about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Talen Energy by 11.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after acquiring an additional 761 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after buying an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Talen Energy by 15.3% during 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 worth $9,794,000 after acquiring an additional 6,498 shares during the period. Institutional investors own 0.38% of the company’s stock.
Insider Buying and Selling at Talen Energy
In related news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director owned 2,606 shares of the company’s stock, valued at $990,280. This represents a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.78% of the stock is currently owned by corporate insiders.
Talen Energy Company Profile
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).
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