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

Key Points

• Talen Energy Corporation has received an average recommendation of "Buy" from fourteen analysts, with the average price target set at $297.50.
• Significant insider activity includes major shareholder Rubric Capital Management selling 178,000 shares for over $52 million, resulting in a 3.01% decrease in their ownership.
• Talen Energy reported a net income of $1.50 EPS for its most recent quarter, exceeding analysts' expectations and generating revenue of $630 million.

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have been assigned an average recommendation of "Buy" from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $297.50.

TLN has been the topic of a number of recent analyst reports. Raymond James Financial initiated coverage on Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price target on the stock. Morgan Stanley upped their price target on Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Barclays reissued an "overweight" rating and set a $418.00 price objective (up from $353.00) on shares of Talen Energy in a report on Wednesday. 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 report on Friday, July 18th. Finally, Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's 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 owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 388,530 shares of company stock valued at $114,090,933 in the last three months. Corporate insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares during the period. Brooklyn Investment Group acquired a new position in shares of Talen Energy during the 1st quarter worth about $25,000. Atlantic Union Bankshares Corp acquired a new position in shares of Talen Energy during the 2nd quarter worth about $27,000. MAI Capital Management raised its position in shares of Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider's stock worth $32,000 after purchasing an additional 59 shares during the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Talen Energy during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $380.25 on Thursday. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 107.72, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. Talen Energy has a 52 week low of $126.00 and a 52 week high of $394.07. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The firm has a 50 day moving average of $310.06 and a 200 day moving average of $249.23.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. On average, sell-side 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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