Talen Energy Corporation (NASDAQ:TLN) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Talen Energy has a “Moderate Buy” consensus rating from 12 analysts: eight buys, three holds, and one sell. The average 12-month price target is $459.17.
• Analyst views remain mixed, with price targets ranging from $405 at Mizuho to $560 at BNP Paribas Exane; Weiss Ratings downgraded the stock to a sell.
• Talen reported a quarterly loss of $2.00 per share, well below the $3.21 consensus estimate, while revenue of $747 million also missed expectations. Shares opened at $293.31, near the company’s 52-week low.

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has been given an average rating of "Moderate Buy" by the twelve research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $459.1667.

Several equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Talen Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 18th. Mizuho initiated coverage on shares of Talen Energy in a research note on Monday, August 24th. They issued an "outperform" rating and a $405.00 price target for the company. Barclays cut their price target on shares of Talen Energy from $411.00 to $408.00 and set an "overweight" rating for the company in a report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $509.00 price target on shares of Talen Energy in a research report on Monday, August 10th. Finally, BNP Paribas Exane reiterated an "outperform" rating and issued a $560.00 price objective on shares of Talen Energy in a report on Wednesday, August 19th.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Continuum Advisory LLC purchased a new stake in Talen Energy in the 2nd quarter valued at about $33,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Talen Energy during the second quarter worth about $38,000. Northwestern Mutual Wealth Management Co. purchased a new position in Talen Energy during the second quarter worth about $41,000. Silvant Capital Management LLC acquired a new stake in shares of Talen Energy during the second quarter valued at about $42,000. Finally, Bessemer Group Inc. raised its stake 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 acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 2.0%

Shares of NASDAQ:TLN opened at $293.31 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 business has a fifty day moving average of $334.11 and a two-hundred day moving average of $349.04. The stock has a market cap of $14.05 billion, a P/E ratio of -70.34 and a beta of 1.84. Talen Energy has a 52-week low of $279.77 and a 52-week high of $451.28.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS 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 company had revenue of $747.00 million for the quarter, compared to analysts' expectations of $832.81 million. On average, research analysts expect that Talen Energy will post 21.99 earnings per share for the current year.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company's principal business activities include generating and selling electricity, capacity, and ancillary services. Talen's nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.

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