Talen Energy (NASDAQ:TLN) Coverage Initiated at Raymond James

Raymond James started coverage on shares of Talen Energy (NASDAQ:TLN - Free Report) in a report released on Friday, MarketBeat.com reports. The brokerage issued an outperform rating and a $314.00 price target on the utilities provider's stock.

Several other equities analysts have also recently issued reports on the stock. UBS Group dropped their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Barclays dropped their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Finally, Morgan Stanley initiated coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. One research analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $246.33.

Talen Energy Stock Performance

Shares of TLN traded up $2.17 during mid-day trading on Friday, hitting $277.16. 1,013,312 shares of the company's stock were exchanged, compared to its average volume of 1,090,043. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a fifty-two week low of $98.50 and a fifty-two week high of $282.90. The business's 50 day moving average is $229.94 and its two-hundred day moving average is $218.95. The firm has a market capitalization of $12.61 billion, a P/E ratio of 14.84, a P/E/G ratio of 2.70 and a beta of 1.78.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The company had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. On average, equities analysts expect that Talen Energy will post 15.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TLN. Signaturefd LLC grew its stake in Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Talen Energy in the first quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new position in shares of Talen Energy during the 1st quarter worth approximately $35,000. LRI Investments LLC raised its position in shares of Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Talen Energy in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

About Talen Energy

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.