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

Talen Energy Corporation (NASDAQ:TLN) has received an average recommendation of “Moderate Buy” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $448.5833.

A number of research firms have issued reports on TLN. JPMorgan Chase & Co. decreased their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Weiss Ratings upgraded Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wells Fargo & Company increased their price objective on Talen Energy from $465.00 to $477.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Barclays increased their price objective on Talen Energy from $408.00 to $411.00 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Finally, Raymond James Financial restated an “outperform” rating and set a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th.

Talen Energy Price Performance

Shares of TLN opened at $360.54 on Wednesday. The firm has a market cap of $16.37 billion, a P/E ratio of -538.11 and a beta of 1.81. Talen Energy has a 1 year low of $255.50 and a 1 year high of $451.28. The company has a debt-to-equity ratio of 6.32, a current ratio of 1.25 and a quick ratio of 1.05. The stock has a 50 day simple moving average of $356.99 and a two-hundred day simple moving average of $358.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ritholtz Wealth Management lifted its position in shares of Talen Energy by 3.6% during the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock valued at $334,000 after buying an additional 36 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in 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 purchasing an additional 36 shares during the period. Compound Planning Inc. raised its stake in Talen Energy by 4.7% during the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC raised its stake in Talen Energy by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after purchasing an additional 39 shares during the period. Finally, Values First Advisors Inc. raised its stake in Talen Energy by 4.7% during the 1st quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 44 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

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).