Talen Energy Corporation (TLN) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is broadly positive: Sixteen brokerages give Talen Energy an average “Moderate Buy” rating, with 12 buys, two holds and two sells. The average 12-month price target is $458.69.
• Latest quarterly results were mixed: Talen reported earnings of $2.88 per share, below the $8.33 consensus estimate, while revenue of $1.33 billion exceeded the $1.30 billion forecast.
• Recent analyst actions included price-target cuts from Barclays and Morgan Stanley, though both retained overweight ratings; Goldman Sachs and TD Cowen maintained or initiated buy ratings.

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the sixteen brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $458.69.

A number of analysts have recently weighed in on TLN shares. Barclays lowered their price target on shares of Talen Energy from $408.00 to $387.00 and set an "overweight" rating on the stock in a report on Tuesday, October 27th. The Goldman Sachs Group reiterated a "buy" rating and issued a $509.00 price target on shares of Talen Energy in a research note on Monday, August 10th. TD Cowen initiated coverage on shares of Talen Energy in a report on Thursday, October 22nd. They set a "buy" rating and a $475.00 price target on the stock. Morgan Stanley lowered their target price on Talen Energy from $514.00 to $504.00 and set an "overweight" rating for the company in a research note on Wednesday, October 21st. Finally, Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a report on Saturday.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $338.64 on Friday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The business has a fifty day moving average of $327.21 and a 200-day moving average of $348.44. Talen Energy has a twelve month low of $279.77 and a twelve month high of $449.84. 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 issued its quarterly earnings data on Tuesday, November 3rd. The utilities provider reported $2.88 EPS for the quarter, missing the consensus estimate of $8.33 by ($5.45). Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company earned $4.25 EPS. On average, equities research analysts predict that Talen Energy will post 15.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC raised its holdings in 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 acquiring an additional 180,099 shares during the last quarter. Allworth Financial LP raised its stake in shares of Talen Energy by 18.8% during the third quarter. Allworth Financial LP now owns 323 shares of the utilities provider's stock valued at $101,000 after purchasing an additional 51 shares in the last quarter. Russell Investments Group Ltd. increased its position in Talen Energy by 11.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 35,802 shares of the utilities provider's stock worth $11,195,000 after purchasing an additional 3,535 shares during the last quarter. Eurizon Capital SGR S.p.A. lifted its stake in Talen Energy by 124.1% during the third 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 during the period. Finally, King Luther Capital Management Corp grew its stake in 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 acquiring an additional 1,056 shares during the period. 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.

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