Talen Energy Corporation (NASDAQ:TLN) Stock Has Average Target Price of $460.08

Shares of Talen Energy Corporation (NASDAQ:TLN – Get Free Report) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $463.08.

Several research firms have recently weighed in on TLN. New Street Research set a $405.00 price objective on Talen Energy in a research note on Monday, August 24th. Wall Street Zen lowered Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. 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. Morgan Stanley boosted their target price on shares of Talen Energy from $503.00 to $514.00 and gave the company an “overweight” rating in a research note on Friday, September 18th. Finally, Scotiabank boosted their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 15th.

View Our Latest Analysis on TLN

Talen Energy Stock Performance

NASDAQ:TLN opened at $351.22 on Tuesday. Talen Energy has a 12-month low of $279.77 and a 12-month high of $449.84. 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 firm has a market capitalization of $16.83 billion, a PE ratio of -84.23 and a beta of 1.82. The firm has a 50-day moving average price of $324.21 and a 200 day moving average price of $350.51.

Talen Energy (NASDAQ:TLN – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing analysts’ consensus estimates of $3.21 by ($5.21). The business had revenue of $959.00 million for the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. Research analysts anticipate that Talen Energy will post 21.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

Institutional investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new position in Talen Energy in the 2nd quarter worth approximately $33,000. Grove Bank & Trust lifted its holdings in Talen Energy by 40.5% during the 3rd quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock worth $33,000 after buying an additional 30 shares in the last quarter. Fortitude Family Office LLC acquired a new position in Talen Energy during the 3rd quarter worth $37,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Talen Energy during the 2nd quarter worth $38,000. Finally, Bessemer Group Inc. lifted its holdings in Talen Energy by 404.0% during the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock worth $41,000 after buying an additional 101 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

About Talen Energy

(Get Free Report)

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.

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Analyst Recommendations for Talen Energy (NASDAQ:TLN)

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