Wall Street Zen upgraded shares of Talen Energy (NASDAQ:TLN – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Several other analysts also recently commented on TLN. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. New Street Research set a $405.00 price target on shares of Talen Energy in a research note on Monday, August 24th. The Goldman Sachs Group reissued a “buy” rating and set a $509.00 price objective on shares of Talen Energy in a research report on Monday, August 10th. Mizuho started coverage on shares of Talen Energy in a research note on Monday, August 24th. They set an “outperform” rating and a $405.00 target price for the company. Finally, HSBC started coverage on Talen Energy in a report on Thursday, October 22nd. They set a “buy” rating and a $444.30 price target on the stock. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $458.69.
Check Out Our Latest Research Report on Talen Energy
Talen Energy Stock Up 7.2%
Shares of NASDAQ TLN opened at $363.13 on Friday. The stock has a market cap of $15.80 billion, a PE ratio of -65.55 and a beta of 1.77. The company has a quick ratio of 0.55, a current ratio of 0.89 and a debt-to-equity ratio of 5.95. Talen Energy has a 52-week low of $279.77 and a 52-week high of $449.84. The business has a 50-day moving average price of $328.55 and a 200 day moving average price of $348.39.
Talen Energy (NASDAQ:TLN – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.33 by ($5.45). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.30 billion. Talen Energy had a positive return on equity of 53.70% and a negative net margin of 6.43%. During the same quarter in the prior year, the business earned $4.25 EPS. Equities research analysts forecast that Talen Energy will post 15.26 earnings per share for the current year.
Hedge Funds Weigh In On Talen Energy
A number of large investors have recently bought and sold shares of the company. Continuum Advisory LLC acquired a new position in shares of Talen Energy during the second quarter worth about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Talen Energy in the second quarter valued at about $38,000. Grove Bank & Trust lifted its position in Talen Energy by 40.5% in the third quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 30 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in Talen Energy in the 2nd quarter valued at approximately $41,000. Finally, Silvant Capital Management LLC purchased a new stake in Talen Energy in the 2nd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.
About Talen Energy
Talen Energy Corporation is an independent power producer that owns and operates electricity-generation facilities in the United States. Its portfolio includes nuclear, natural gas, coal, oil and hydroelectric assets, with the Susquehanna nuclear power plant in Pennsylvania among its major facilities.
The company sells electricity and related products, including capacity and ancillary services, primarily through wholesale power markets. Its operations are concentrated in the Mid-Atlantic region served by PJM Interconnection, with additional generation assets in other U.S.
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