Talen Energy Corporation (NASDAQ:TLN) Given Average Rating of "Buy" by Analysts

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has been given a consensus rating of "Buy" by the fourteen analysts that are covering the company, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $289.92.

A number of brokerages have recently issued reports on TLN. Oppenheimer set a $315.00 target price on Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. UBS Group boosted their price target on Talen Energy from $366.00 to $399.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Friday. Barclays lifted their target price on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Jefferies Financial Group boosted their price objective on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a research note on Friday.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 388,530 shares of company stock valued at $114,090,933 in the last 90 days. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talen Energy

A number of hedge funds have recently added to or reduced their stakes in the company. Third Point LLC purchased a new position in Talen Energy during the first quarter valued at $116,807,000. Fred Alger Management LLC grew its stake in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after buying an additional 577,257 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in Talen Energy in the 4th quarter worth about $101,931,000. Clearbridge Investments LLC bought a new position in Talen Energy during the 4th quarter worth about $88,065,000. Finally, PointState Capital LP purchased a new stake in shares of Talen Energy during the 1st quarter worth $75,148,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Up 24.5%

NASDAQ TLN opened at $328.63 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 7.91 and a beta of 1.85. Talen Energy has a 12 month low of $98.50 and a 12 month high of $330.99. The company's fifty day moving average price is $267.33 and its two-hundred day moving average price is $232.40.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). The business had revenue of $390.00 million for the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. As a group, research analysts predict that Talen Energy will post 15.94 earnings per share for the current fiscal year.

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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