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

Key Points

• Talen Energy has a “Moderate Buy” consensus rating from 13 analysts: nine buys, one strong buy, two holds and one sell. The average 12-month price target is $477.17, well above the stock’s reported $314.46 price.
• Analyst views were mixed but generally positive: Wells Fargo raised its target to $501, BNP Paribas Exane set a $560 target, while Barclays trimmed its target to $408 and Weiss Ratings downgraded the stock to sell.
• Talen Energy’s latest quarterly results missed expectations, reporting a $2.00 per-share loss versus the projected $3.21 profit and revenue of $747 million versus estimates of $832.81 million. The company had a negative net margin of 5.38% and substantial leverage, with a debt-to-equity ratio of 5.82.

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $477.1667.

TLN has been the subject of several research analyst reports. Barclays decreased their target price on Talen Energy from $411.00 to $408.00 and set an "overweight" rating for the company in a research report on Tuesday, July 28th. Wells Fargo & Company raised their price target on shares of Talen Energy from $482.00 to $501.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Zacks Research upgraded shares of Talen Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. BNP Paribas Exane reissued an "outperform" rating and issued a $560.00 price objective on shares of Talen Energy in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of Talen Energy from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 18th.

Talen Energy Stock Performance

TLN opened at $314.46 on Monday. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78. The stock's 50 day moving average price is $369.15 and its 200-day moving average price is $357.29. Talen Energy has a one year low of $301.45 and a one year high of $451.28. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of -75.41 and a beta of 1.90.

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 (EPS) for the quarter, missing analysts' consensus estimates of $3.21 by ($5.21). The business had revenue of $747.00 million for the quarter, compared to analysts' expectations 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 analysts forecast that Talen Energy will post 25.07 EPS for the current year.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company's stock in a transaction on Monday, June 15th. The stock was sold at an average price of $380.00, for a total value of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This represents a 49.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TLN. Advisory Services Network LLC purchased a new stake in shares of Talen Energy in the 3rd quarter worth approximately $35,000. Continuum Advisory LLC purchased a new position in Talen Energy during the second quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. raised its stake in Talen Energy by 1,500.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider's stock worth $36,000 after buying an additional 90 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Talen Energy in the second quarter worth approximately $38,000. Finally, Silvant Capital Management LLC bought a new position in Talen Energy in the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen's asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).

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