Talen Energy (NASDAQ:TLN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Talen Energy (NASDAQ:TLN - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities analysts also recently issued reports about the stock. JPMorgan Chase & Co. dropped 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. Barclays dropped their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price for the company. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $246.33.

Talen Energy Trading Up 0.8%

NASDAQ:TLN traded up $2.17 during mid-day trading on Friday, hitting $277.16. 1,013,312 shares of the stock traded hands, compared to its average volume of 1,090,043. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 2.70 and a beta of 1.78. Talen Energy has a 52 week low of $98.50 and a 52 week high of $280.29. The firm's 50 day moving average is $229.94 and its two-hundred day moving average is $218.95. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Talen Energy (NASDAQ:TLN - Get Free Report) last released 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 50.48% and a return on equity of 8.59%. The business had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. On average, equities research analysts predict that Talen Energy will post 15.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 worth $964,302,000 after purchasing an additional 256,414 shares during the last quarter. Fred Alger Management LLC raised its holdings in shares of Talen Energy by 56.3% during the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider's stock worth $297,937,000 after purchasing an additional 537,398 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Talen Energy during the fourth quarter worth $239,984,000. Lone Pine Capital LLC raised its holdings in shares of Talen Energy by 27.2% during the fourth quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after purchasing an additional 233,165 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after purchasing an additional 161,269 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company's stock.

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.