Talen Energy (NASDAQ:TLN) Announces Quarterly Earnings Results, Misses Estimates By $10.49 EPS

Talen Energy (NASDAQ:TLN) announced its quarterly earnings data on Thursday. The utilities provider reported ($7.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.74 by ($10.49), FiscalAI reports. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The business had revenue of $749.00 million during the quarter, compared to the consensus estimate of $696.74 million.

Talen Energy Price Performance

NASDAQ:TLN traded down $1.38 during trading hours on Thursday, reaching $390.05. 626,295 shares of the company were exchanged, compared to its average volume of 903,381. The business has a 50 day moving average of $369.97 and a 200 day moving average of $383.44. Talen Energy has a 1-year low of $158.08 and a 1-year high of $451.28. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72. The company has a market capitalization of $17.82 billion, a P/E ratio of 84.43, a P/E/G ratio of 0.57 and a beta of 1.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TLN. Daiwa Securities Group Inc. boosted its holdings in shares of Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 36 shares in the last quarter. Compound Planning Inc. increased its holdings in Talen Energy by 4.7% in the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 38 shares in the last quarter. UMB Bank n.a. increased its stake in Talen Energy by 20.4% in the fourth quarter. UMB Bank n.a. now owns 402 shares of the utilities provider’s stock valued at $151,000 after purchasing an additional 68 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Talen Energy by 26.7% during the 4th quarter. Quadrant Capital Group LLC now owns 346 shares of the utilities provider’s stock worth $130,000 after buying an additional 73 shares during the period. Finally, Meeder Advisory Services Inc. grew its position in Talen Energy by 13.7% in the 4th quarter. Meeder Advisory Services Inc. now owns 622 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TLN shares. Wells Fargo & Company boosted their price objective on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Morgan Stanley set a $474.00 price objective on shares of Talen Energy in a research report on Friday, February 20th. Finally, Barclays decreased their price target on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $410.92.

About Talen Energy

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).