FY2028 EPS Estimates for Talen Energy Cut by Seaport Res Ptn

Talen Energy Corporation (NASDAQ:TLN - Free Report) - Analysts at Seaport Res Ptn dropped their FY2028 EPS estimates for Talen Energy in a research report issued on Monday, April 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $33.58 per share for the year, down from their previous forecast of $35.18. 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 FY2029 earnings at $45.25 EPS.

Several other equities research analysts have also issued reports on the company. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. UBS Group dropped their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company. Finally, JPMorgan Chase & Co. reduced their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy has an average rating of "Buy" and a consensus price target of $240.18.

Talen Energy Stock Performance

Shares of TLN opened at $213.95 on Wednesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The stock has a market capitalization of $9.74 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. Talen Energy has a 12-month low of $98.50 and a 12-month high of $258.03. The business's fifty day moving average price is $200.57 and its 200 day moving average price is $205.31.

Hedge Funds Weigh In On Talen Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after acquiring an additional 256,414 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Talen Energy in the fourth quarter valued at about $239,984,000. Lone Pine Capital LLC boosted its position in shares of Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after buying an additional 233,165 shares during the period. Fred Alger Management LLC raised its holdings in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after acquiring an additional 577,257 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock valued at $131,455,000 after buying an additional 161,269 shares during the period. Institutional investors own 0.38% of the company's stock.

Talen Energy Company Profile

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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