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

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has been assigned an average recommendation of "Buy" from the fourteen analysts that are covering the firm, MarketBeat reports. Fourteen research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $255.25.

Several research analysts have issued reports on the company. Raymond James Financial assumed coverage on Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target on the stock. JPMorgan Chase & Co. cut their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. UBS Group boosted their target price on shares of Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a research note on Friday. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock.

Talen Energy Price Performance

TLN traded up $6.50 during trading on Wednesday, reaching $297.88. The stock had a trading volume of 4,503,202 shares, compared to its average volume of 1,094,351. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 7.15 and a beta of 1.78. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. Talen Energy has a 1-year low of $98.50 and a 1-year high of $300.00. The stock has a 50 day moving average of $247.98 and a two-hundred day moving average of $224.25.

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

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 102,217 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $291.98, for a total transaction of $29,845,319.66. Following the completion of the sale, the insider now directly owns 5,912,970 shares in the company, valued at $1,726,468,980.60. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 388,530 shares of company stock worth $114,090,933. Corporate insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Talen Energy

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after buying an additional 256,414 shares during the last quarter. Rhumbline Advisers raised its position in shares of Talen Energy by 37.3% during the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock valued at $1,114,000 after buying an additional 1,503 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Talen Energy by 28.2% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider's stock valued at $2,045,000 after buying an additional 2,233 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Talen Energy during the fourth quarter valued at about $1,986,000. Finally, Artemis Wealth Advisors LLC acquired a new position in shares of Talen Energy during the fourth quarter valued at about $806,000. 0.38% of the stock is currently owned by institutional investors.

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.