Talen Energy (NASDAQ:TLN) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Talen Energy from “sell” to “hold.” Overall, analysts have a “Moderate Buy” consensus and an average price target of $458.69.
• Talen shares were reported up 7.1%. The company’s latest quarterly earnings missed EPS expectations ($2.88 versus $8.33 forecast), while revenue of $1.33 billion topped estimates.
• Several institutional investors increased their holdings in Talen during the third quarter, including William Blair Investment Management, which boosted its stake by 36.2%.

Talen Energy (NASDAQ:TLN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages have also issued reports on TLN. HSBC began coverage on Talen Energy in a research report on Thursday, October 22nd. They set a "buy" rating and a $444.30 target price on the stock. Barclays cut their target price on shares of Talen Energy from $408.00 to $387.00 and set an "overweight" rating for the company in a research report on Tuesday, October 27th. Scotiabank upped their target price on Talen Energy from $463.00 to $470.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 15th. Canadian Imperial Bank of Commerce decreased their target price on shares of Talen Energy from $499.00 to $493.00 and set an "outperform" rating for the company in a research report on Wednesday, October 28th. Finally, Jefferies Financial Group dropped their price target on shares of Talen Energy from $453.00 to $422.00 and set a "hold" rating on the stock in a research note on Monday, July 20th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $458.69.

Talen Energy Stock Up 7.1%

Shares of TLN opened at $338.64 on Friday. Talen Energy has a fifty-two week low of $279.77 and a fifty-two week high of $449.84. The company's fifty day moving average is $327.21 and its two-hundred day moving average is $348.44. 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 firm has a market cap of $16.22 billion, a PE ratio of -61.13 and a beta of 1.77.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Tuesday, November 3rd. The utilities provider reported $2.88 earnings per share for the quarter, missing the consensus estimate of $8.33 by ($5.45). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned $4.25 EPS. Analysts forecast that Talen Energy will post 15.26 earnings per share for the current year.

Institutional Investors Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. William Blair Investment Management LLC boosted its holdings in shares of Talen Energy by 36.2% in the 3rd quarter. William Blair Investment Management LLC now owns 677,759 shares of the utilities provider's stock valued at $211,928,000 after buying an additional 180,099 shares during the period. Allworth Financial LP raised its position in Talen Energy by 18.8% in the 3rd quarter. Allworth Financial LP now owns 323 shares of the utilities provider's stock valued at $101,000 after buying an additional 51 shares during the last quarter. Russell Investments Group Ltd. increased its position in Talen Energy by 11.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 35,802 shares of the utilities provider's stock worth $11,195,000 after buying an additional 3,535 shares during the period. Eurizon Capital SGR S.p.A. increased its holdings in Talen Energy by 124.1% in the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 4,443 shares of the utilities provider's stock worth $1,389,000 after purchasing an additional 2,460 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its stake in shares of Talen Energy by 10.1% in the third quarter. King Luther Capital Management Corp now owns 11,519 shares of the utilities provider's stock valued at $3,602,000 after buying an additional 1,056 shares in the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Company Profile

Talen Energy Corporation NASDAQ: TLN is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen's generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company's operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.