Talen Energy (NASDAQ:TLN) Downgraded by Wall Street Zen to "Sell"

Talen Energy (NASDAQ:TLN - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Friday.

Other equities research analysts also recently issued reports about the stock. UBS Group increased their price objective on shares of Talen Energy from $366.00 to $399.00 and gave the stock a "buy" rating in a research note on Friday. Barclays increased their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley increased their target price on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a report on Friday. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Finally, Jefferies Financial Group increased their target price on shares of Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $289.92.

Talen Energy Trading Up 24.5%

TLN stock opened at $328.63 on Friday. 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 company's 50-day simple moving average is $267.33 and its 200 day simple moving average is $232.19. Talen Energy has a 52 week low of $98.50 and a 52 week high of $330.99. The company has a market capitalization of $14.96 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 6.35 and a beta of 1.85.

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

Insider Buying and Selling

In related 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 transaction of $52,695,120.00. Following the sale, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talen Energy

Hedge funds have recently added to or reduced their stakes in the business. Wedbush Securities Inc. raised its holdings in Talen Energy by 4.4% during the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock worth $263,000 after purchasing an additional 55 shares during the last quarter. IFP Advisors Inc raised its holdings in Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after purchasing an additional 56 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its holdings in Talen Energy by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock worth $678,000 after purchasing an additional 88 shares during the last quarter. Signaturefd LLC raised its holdings in Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after purchasing an additional 93 shares during the last quarter. Finally, LRI Investments LLC raised its holdings in Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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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