Talen Energy Corporation (NASDAQ:TLN) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have been given a consensus recommendation of "Buy" by the fourteen analysts that are currently covering the company, Marketbeat.com reports. Fourteen research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $246.33.

TLN has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective 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 cut their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Barclays cut their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Finally, Raymond James Financial started coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock.

Talen Energy Price Performance

Shares of TLN stock opened at $294.17 on Wednesday. Talen Energy has a 52-week low of $98.50 and a 52-week high of $296.89. The stock has a market cap of $13.39 billion, a PE ratio of 30.55, a PEG ratio of 7.13 and a beta of 1.78. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The firm's 50 day moving average price is $242.64 and its two-hundred day moving average price is $222.49.

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

Institutional Investors Weigh In On Talen Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in TLN. Signaturefd LLC raised its holdings in shares of Talen Energy by 310.0% during 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 bought a new position in Talen Energy in the first quarter valued at $25,000. Golden State Wealth Management LLC bought a new position in Talen Energy in the first quarter valued at $35,000. LRI Investments LLC grew its position in Talen Energy by 179.0% in the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Talen Energy in the first quarter valued at $35,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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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