Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $322.41 and traded as low as $296.00. Talen Energy shares last traded at $303.50, with a volume of 616,870 shares changing hands.
Wall Street Analysts Forecast Growth
TLN has been the subject of several research reports. Morgan Stanley lifted their price target on Talen Energy from $503.00 to $514.00 and gave the stock an "overweight" rating in a research note on Friday, September 18th. Susquehanna set a $449.00 price objective on shares of Talen Energy in a research note on Friday, August 7th. Wells Fargo & Company raised their target price on shares of Talen Energy from $482.00 to $501.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $509.00 price target on shares of Talen Energy in a report on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $460.08.
View Our Latest Stock Analysis on TLN
Talen Energy Price Performance
The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of -72.78 and a beta of 1.84. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The company's 50 day simple moving average is $322.41 and its 200-day simple moving average is $347.22.
Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing analysts' consensus estimates of $3.21 by ($5.21). The firm had revenue of $747.00 million during the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. On average, equities research analysts predict that Talen Energy Corporation will post 21.99 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Talen Energy
Several hedge funds have recently made changes to their positions in TLN. Oppenheimer Asset Management Inc. purchased a new position in shares of Talen Energy in the 2nd quarter worth $4,132,000. Ninepoint Partners LP purchased a new stake in Talen Energy during the second quarter valued at about $1,694,000. 180 GPS Investments IC Ltd acquired a new stake in Talen Energy during the second quarter worth about $8,636,000. Diversify Advisory Services LLC acquired a new stake in Talen Energy during the second quarter worth about $12,228,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Talen Energy in the 2nd quarter worth about $1,213,000. Institutional investors and hedge funds own 0.38% of the company's stock.
Talen Energy Company Profile
(
Get Free Report)
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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