Talen Energy Corporation (NASDAQ:TLN - Free Report) - Investment analysts at Seaport Res Ptn lowered their FY2025 earnings estimates for shares of Talen Energy in a research note issued on Tuesday, June 3rd. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $7.48 per share for the year, down from their previous estimate of $7.97. The consensus estimate for Talen Energy's current full-year earnings is $15.94 per share. Seaport Res Ptn also issued estimates for Talen Energy's FY2027 earnings at $26.70 EPS, FY2028 earnings at $36.74 EPS and FY2029 earnings at $49.58 EPS.
Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The firm had revenue of $390.00 million during the quarter, compared to analysts' expectations of $556.93 million.
Several other analysts have also commented on TLN. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They set an "outperform" rating for the company. UBS Group decreased their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Barclays cut their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Finally, Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Talen Energy currently has a consensus rating of "Moderate Buy" and an average price target of $240.18.
View Our Latest Analysis on Talen Energy
Talen Energy Stock Down 1.6%
NASDAQ TLN traded down $4.06 on Thursday, hitting $255.94. The stock had a trading volume of 513,578 shares, compared to its average volume of 1,079,049. The business's fifty day moving average price is $220.92 and its 200 day moving average price is $216.76. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy has a 52-week low of $98.50 and a 52-week high of $263.26.
Hedge Funds Weigh In On Talen Energy
Several hedge funds and other institutional investors have recently bought and sold shares of TLN. Vanguard Group Inc. boosted its holdings in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after acquiring an additional 256,414 shares during the last quarter. Fred Alger Management LLC grew its holdings in Talen Energy by 56.3% during the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider's stock worth $297,937,000 after acquiring an additional 537,398 shares during the period. William Blair Investment Management LLC purchased a new position in Talen Energy during the fourth quarter valued at approximately $239,984,000. Lone Pine Capital LLC lifted its holdings in Talen Energy by 27.2% in the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after acquiring an additional 233,165 shares during the period. Finally, Invesco Ltd. boosted its position in Talen Energy by 32.8% in the 4th quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after purchasing an additional 161,269 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.
About Talen Energy
(
Get Free Report)
Talen Energy Corporation is a U.S.-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.
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