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

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $466.8571.

A number of brokerages have recently issued reports on TLN. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Scotiabank boosted their price objective on shares of Talen Energy from $463.00 to $470.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. New Street Research set a $405.00 price target on Talen Energy in a report on Monday. Barclays lowered their target price on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $509.00 target price on shares of Talen Energy in a research report on Monday, August 10th.

Talen Energy Trading Down 2.8%

NASDAQ:TLN opened at $296.11 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The firm has a market cap of $14.19 billion, a P/E ratio of -71.01 and a beta of 1.90. The stock’s 50 day simple moving average is $358.05 and its 200-day simple moving average is $356.13. Talen Energy has a 12-month low of $294.75 and a 12-month high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data 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 firm had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $832.81 million. Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. Equities analysts anticipate that Talen Energy will post 21.99 EPS for the current year.

Insider Buying and Selling at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the company’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 directly owned 2,606 shares in the company, valued at $990,280. This represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.78% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLN. Continuum Advisory LLC purchased a new position in shares of Talen Energy during the second quarter valued at approximately $33,000. Advisory Services Network LLC acquired a new stake in Talen Energy in the 3rd quarter worth about $35,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Talen Energy by 1,500.0% in 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 during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Talen Energy in the second quarter valued at approximately $38,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 101 shares during the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

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).