Talen Energy Corporation (NASDAQ:TLN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Talen Energy Corporation (NASDAQ:TLN) has been given a consensus recommendation of “Moderate Buy” by the fifteen brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $458.7692.

A number of brokerages have issued reports on TLN. Morgan Stanley reiterated an “overweight” rating and set a $508.00 price objective on shares of Talen Energy in a research note on Wednesday, June 24th. The Goldman Sachs Group assumed coverage on shares of Talen Energy in a research report on Thursday, June 18th. They issued a “buy” rating and a $499.00 target price for the company. Wells Fargo & Company upped their price target on shares of Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. reduced their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research report on Thursday, March 19th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $457.00 price objective on shares of Talen Energy in a research note on Monday, April 27th.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the sale, the director owned 2,606 shares of the company’s stock, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.78% of the stock is owned by insiders.

Hedge Funds Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC acquired a new stake in Talen Energy in the fourth quarter valued at about $27,000. Neo Ivy Capital Management bought a new position in Talen Energy in the third quarter valued at about $34,000. Advisory Services Network LLC acquired a new position in Talen Energy during the third quarter worth about $35,000. Northwestern Mutual Wealth Management Co. raised its stake in Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 90 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Talen Energy in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $364.67 on Friday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. Talen Energy has a 52 week low of $255.50 and a 52 week high of $451.28. The stock has a market capitalization of $17.47 billion, a P/E ratio of -544.28 and a beta of 1.82. The stock’s fifty day moving average is $376.69 and its 200 day moving average is $361.59.

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).