Talen Energy (NASDAQ:TLN) Earns Hold (C) Rating from Weiss Ratings

Key Points

• Talen Energy's stock has received a "hold (c)" rating from Weiss Ratings, while several other brokerages have issued mixed ratings with price targets ranging from $314.00 to $450.00.
• The company reported a net margin of 8.75% and a quarterly earnings per share (EPS) of $1.50, significantly exceeding analysts' expectations.
• Talen Energy has a market capitalization of $20.37 billion and operates approximately 16,000 megawatts of power generation capacity across the U.S.

Talen Energy (NASDAQ:TLN - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently issued reports on TLN. Melius began coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price objective for the company. Evercore ISI raised their price target on shares of Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Oppenheimer set a $315.00 price target on shares of Talen Energy and gave the stock an "outperform" rating in a report on Friday, July 11th. Raymond James Financial initiated coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target on the stock. Finally, Zacks Research lowered shares of Talen Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 18th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Talen Energy currently has an average rating of "Moderate Buy" and a consensus target price of $376.85.

Talen Energy Price Performance

TLN stock traded up $14.80 during midday trading on Wednesday, reaching $445.84. The company had a trading volume of 574,619 shares, compared to its average volume of 725,195. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. Talen Energy has a 1 year low of $148.02 and a 1 year high of $451.28. The company has a market capitalization of $20.37 billion, a P/E ratio of 126.30, a P/E/G ratio of 2.31 and a beta of 1.88. The firm has a 50-day moving average price of $394.76 and a 200-day moving average price of $299.87.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $481.48 million. On average, research analysts anticipate that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Grove Bank & Trust bought a new position in shares of Talen Energy in the 3rd quarter worth about $32,000. Atlantic Union Bankshares Corp bought a new position in shares of Talen Energy in the 2nd quarter worth about $27,000. MAI Capital Management increased its stake in shares of Talen Energy by 115.7% in the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider's stock worth $32,000 after acquiring an additional 59 shares in the last quarter. Signaturefd LLC increased its stake in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Finally, Brooklyn Investment Group bought a new position in shares of Talen Energy in the 1st quarter worth about $25,000. 0.38% of the stock is currently owned by 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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