Talen Energy (NASDAQ:TLN) Coverage Initiated by Analysts at Scotiabank

Key Points

• Scotiabank initiated coverage of Talen Energy with a "sector perform" rating and a price target of $418.00, suggesting a potential downside from its current price.
• Fifteen analysts have rated Talen Energy with a Buy rating, leading to a consensus rating of "Moderate Buy" and a price target of $358.53.
• Talen Energy reported earnings of $1.50 per share for the last quarter, exceeding expectations and showing significant revenue growth compared to analyst predictions.

Equities research analysts at Scotiabank began coverage on shares of Talen Energy (NASDAQ:TLN - Get Free Report) in a note issued to investors on Monday. The firm set a "sector perform" rating and a $418.00 price target on the utilities provider's stock. Scotiabank's price objective indicates a potential downside of 1.31% from the company's current price.

A number of other research firms have also recently weighed in on TLN. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Melius assumed coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 target price on the stock. Barclays boosted their target price on shares of Talen Energy from $418.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, September 11th. UBS Group set a $431.00 target price on shares of Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Raymond James Financial assumed coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $358.53.

Talen Energy Stock Up 2.0%

Talen Energy stock opened at $423.56 on Monday. Talen Energy has a fifty-two week low of $148.02 and a fifty-two week high of $427.07. The stock has a market cap of $19.35 billion, a PE ratio of 119.99, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The firm's 50-day simple moving average is $366.86 and its 200 day simple moving average is $280.43. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. Research analysts predict that Talen Energy will post 15.94 EPS for the current fiscal year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction that occurred on 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 sale, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 388,530 shares of company stock valued at $114,090,933 in the last three months.

Institutional Trading of Talen Energy

A number of large investors have recently made changes to their positions in TLN. Ameriprise Financial Inc. grew its stake in shares of Talen Energy by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider's stock worth $910,000 after acquiring an additional 261 shares during the period. Cetera Investment Advisers bought a new stake in shares of Talen Energy in the fourth quarter worth approximately $490,000. D. E. Shaw & Co. Inc. purchased a new position in shares of Talen Energy in the fourth quarter worth approximately $422,000. Deutsche Bank AG purchased a new position in shares of Talen Energy in the fourth quarter worth approximately $319,000. Finally, State of Wyoming purchased a new position in shares of Talen Energy in the fourth quarter worth approximately $50,000. 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.

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