Talen Energy (NASDAQ:TLN) Sets New 1-Year Low – Time to Sell?

Shares of Talen Energy Corporation (NASDAQ:TLN) hit a new 52-week low on Wednesday . The company traded as low as $288.58 and last traded at $293.73, with a volume of 947993 shares traded. The stock had previously closed at $295.76.

Analyst Upgrades and Downgrades

TLN has been the subject of several research reports. BNP Paribas Exane reiterated an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a research report on Wednesday, August 19th. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings downgraded Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 18th. Mizuho assumed coverage on shares of Talen Energy in a report on Monday, August 24th. They issued an “outperform” rating and a $405.00 price objective for the company. Finally, Morgan Stanley cut their target price on shares of Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a research report on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Talen Energy has an average rating of “Moderate Buy” and a consensus price target of $466.86.

Talen Energy Price Performance

The company has a fifty day simple moving average of $348.53 and a 200 day simple moving average of $354.32. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of -73.27 and a beta of 1.84. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The company had revenue of $747.00 million during the quarter, compared to analyst estimates of $832.81 million. Equities research analysts forecast that Talen Energy Corporation will post 21.99 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the company. Continuum Advisory LLC bought a new position in Talen Energy during the second quarter worth $33,000. Advisory Services Network LLC bought a new stake in Talen Energy during the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $36,000 after acquiring an additional 90 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Talen Energy during the 2nd quarter worth about $38,000. Finally, Bessemer Group Inc. grew 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 acquiring an additional 101 shares during the period. 0.38% of the stock is owned by 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).