Talen Energy (NASDAQ:TLN) Rating Lowered to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Talen Energy (NASDAQ:TLN - Free Report) from a hold rating to a sell rating in a research report released on Thursday.

Several other equities analysts have also recently commented on TLN. JPMorgan Chase & Co. lowered their target price 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. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. 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. Barclays reduced their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, Talen Energy has an average rating of "Moderate Buy" and an average target price of $240.18.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $0.54 on Thursday, reaching $243.62. 345,002 shares of the company's stock were exchanged, compared to its average volume of 1,085,827. The firm has a market capitalization of $11.09 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The business's 50-day moving average is $214.32 and its two-hundred day moving average is $214.47. 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 for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. As a group, equities research analysts forecast that Talen Energy will post 15.94 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

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