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

Key Points

• Talen Energy Corporation (NASDAQ:TLN) has received a consensus rating of "Moderate Buy" from analysts, with fourteen out of sixteen brokerages recommending a buy on the stock.
• The average twelve-month price target for Talen Energy is currently $367.50, with recent analyst reports suggesting targets as high as $450.00.
• Talen Energy reported earnings of $1.50 per share for the last quarter, significantly beating expectations and generating revenue of $630 million.

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has been given a consensus rating of "Moderate Buy" by the sixteen brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $367.50.

TLN has been the subject of a number of research analyst reports. Melius assumed coverage on Talen Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price target for the company. Evercore ISI raised their target price on shares of Talen Energy from $410.00 to $450.00 and gave the company an "outperform" rating in a report on Tuesday, September 9th. Barclays lifted their target price on shares of Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, September 11th. Scotiabank began coverage on shares of Talen Energy in a research report on Monday, September 22nd. They issued a "sector perform" rating and a $418.00 price target on the stock. Finally, Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th.

Talen Energy Price Performance

TLN stock opened at $434.07 on Friday. The firm has a 50 day moving average of $388.64 and a 200-day moving average of $293.63. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 122.97, a PEG ratio of 2.51 and a beta of 1.88. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. Talen Energy has a 12-month low of $148.02 and a 12-month high of $437.06.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of ($1.13) by $2.63. The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. Talen Energy had a return on equity of 9.58% and a net margin of 8.75%. As a group, equities analysts expect that Talen Energy will post 15.94 EPS for the current fiscal year.

Institutional Trading of Talen Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wedbush Securities Inc. increased its stake in Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock worth $263,000 after acquiring an additional 55 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Talen Energy by 42.4% in the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after purchasing an additional 56 shares in the last quarter. MAI Capital Management grew its holdings 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 period. Main Management ETF Advisors LLC increased its position in Talen Energy by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 3,665 shares of the utilities provider's stock worth $1,066,000 after purchasing an additional 60 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in Talen Energy by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after buying an additional 88 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

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