Seaport Res Ptn Predicts Stronger Earnings for Talen Energy

Talen Energy Corporation (NASDAQ:TLN - Free Report) - Research analysts at Seaport Res Ptn lifted their FY2025 earnings per share estimates for Talen Energy in a report released on Monday, July 21st. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $7.53 per share for the year, up from their previous forecast of $7.46. The consensus estimate for Talen Energy's current full-year earnings is $15.94 per share.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million.

A number of other research firms also recently issued reports on TLN. Wall Street Zen downgraded Talen Energy from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. cut their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Jefferies Financial Group boosted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Barclays boosted their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $289.92.

Talen Energy Trading Up 0.3%

TLN stock traded up $1.03 during midday trading on Tuesday, hitting $340.27. 800,908 shares of the company's stock were exchanged, compared to its average volume of 1,187,116. The stock's fifty day moving average price is $272.14 and its 200-day moving average price is $234.49. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The company has a market cap of $15.49 billion, a PE ratio of 35.38, a price-to-earnings-growth ratio of 7.24 and a beta of 1.85. Talen Energy has a one year low of $98.50 and a one year high of $350.52.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction on Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the sale, the insider directly owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 388,530 shares of company stock worth $114,090,933. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Talen Energy

Hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Talen Energy by 310.0% during the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares during the period. Brooklyn Investment Group bought a new stake in Talen Energy during the first quarter worth about $25,000. Golden State Wealth Management LLC bought a new stake in Talen Energy during the first quarter worth about $35,000. LRI Investments LLC boosted its stake in Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after acquiring an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Talen Energy during the first quarter worth about $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.