Talen Energy Corporation (NASDAQ:TLN) Stock Has Average Price Target of $460.08

Key Points

• Analysts rate Talen Energy “Moderate Buy,” with eight buys, three holds and one sell among 12 firms. The average 12-month price target is $460.08, though individual targets range from $422 to $514.
• Institutional investors made notable moves, including new stakes of approximately $1.67 billion from BlackRock and $1.15 billion from MFN Partners; institutional ownership remains low at 0.38%.
• Talen Energy shares opened at $379.77, up 0.3%, but the company’s latest quarterly EPS of negative $2.00 missed estimates by $5.21 despite revenue exceeding forecasts.

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve ratings firms that are covering the stock, 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 1-year price target among brokerages that have covered the stock in the last year is $460.08.

A number of research firms have recently issued reports on TLN. Jefferies Financial Group cut their price objective on shares of Talen Energy from $453.00 to $422.00 and set a "hold" rating on the stock in a research report on Monday, July 20th. Susquehanna set a $449.00 target price on Talen Energy in a research note on Friday, August 7th. Zacks Research lowered Talen Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 27th. Morgan Stanley boosted their target price on Talen Energy from $503.00 to $514.00 and gave the company an "overweight" rating in a research report on Friday, September 18th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and set a $509.00 price target on shares of Talen Energy in a research note on Monday, August 10th.

Institutional Investors Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Talen Energy in the second quarter valued at about $1,673,803,000. MFN Partners Management LP bought a new position in shares of Talen Energy during the second quarter valued at about $1,152,780,000. Fred Alger Management LLC boosted its holdings in Talen Energy by 8.4% during the fourth quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider's stock worth $676,247,000 after purchasing an additional 140,345 shares during the last quarter. Sachem Head Capital Management LP boosted its holdings in Talen Energy by 72.4% during the fourth quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider's stock worth $374,840,000 after purchasing an additional 420,000 shares during the last quarter. Finally, Carronade Capital Management LP boosted its holdings in Talen Energy by 11.6% during the first quarter. Carronade Capital Management LP now owns 644,484 shares of the utilities provider's stock worth $205,739,000 after purchasing an additional 67,245 shares during the last quarter. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 0.3%

Shares of NASDAQ TLN opened at $379.77 on Tuesday. 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 $18.19 billion, a PE ratio of -91.07 and a beta of 1.82. The company's fifty day simple moving average is $322.19 and its 200 day simple moving average is $349.16. Talen Energy has a 12-month low of $279.77 and a 12-month high of $449.84.

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 analysts' consensus estimates 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 $959.00 million during the quarter, compared to analyst estimates of $832.81 million. As a group, sell-side analysts forecast that Talen Energy will post 21.99 earnings per share for the current fiscal year.

Talen Energy Company Profile

Talen Energy Corporation NASDAQ: TLN is an independent power producer that owns and operates a portfolio of electricity-generation facilities in the United States. The company supplies power and related services to wholesale electricity markets, utilities, commercial customers and other counterparties.

Talen's generation portfolio includes the Susquehanna nuclear power plant in Pennsylvania, one of the largest nuclear facilities in the country, as well as natural gas-fired and other generating assets.

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