Talen Energy (NASDAQ:TLN) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Talen Energy (NASDAQ:TLN) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Several other research firms also recently weighed in on TLN. Weiss Ratings restated a “hold (c-)” rating on shares of Talen Energy in a report on Tuesday, August 4th. The Goldman Sachs Group assumed coverage on shares of Talen Energy in a report on Thursday, June 18th. They set a “buy” rating and a $499.00 target price on the stock. Scotiabank raised their target price on shares of Talen Energy from $463.00 to $470.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Raymond James Financial restated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a report on Monday, April 27th. Finally, Jefferies Financial Group lowered their price target on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Moderate Buy” and an average target price of $476.58.

Talen Energy Trading Down 1.3%

TLN opened at $343.19 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The stock’s fifty day moving average is $373.16 and its two-hundred day moving average is $358.52. The company has a market capitalization of $16.44 billion, a P/E ratio of -82.30 and a beta of 1.90. Talen Energy has a 52 week low of $301.45 and a 52 week high of $451.28.

Talen Energy (NASDAQ:TLN) last issued its 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 positive return on equity of 43.32% and a negative net margin of 5.38%.The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $832.81 million. Analysts forecast that Talen Energy will post 26.42 earnings per share for the current year.

Insider Activity

In related news, Director Gizman I. Abbas sold 2,600 shares of Talen Energy stock in a transaction dated Monday, June 15th. The stock was 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 $990,280. The trade was a 49.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.78% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors have recently bought and sold shares of TLN. Flagship Harbor Advisors LLC acquired a new stake in shares of Talen Energy in the fourth quarter worth $27,000. Advisory Services Network LLC acquired a new position in Talen Energy during the third quarter valued at $35,000. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $36,000 after purchasing 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 $38,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Talen Energy in the fourth quarter valued at $39,000. 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).