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

Key Points

• Talen Energy's stock rating has been upgraded from "sell" to "hold" by Wall Street Zen, reflecting a shift in analysts' perspectives.
• Morgan Stanley increased its price target on Talen Energy from $300 to $330, while Jefferies Financial Group raised it from $326 to $380, indicating strong bullish sentiments among analysts.
• In addition to institutional interest, major shareholder Rubric Capital Management sold 178,000 shares, reducing their ownership by 3.01%, which highlights ongoing insider activity with the stock.

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

A number of other equities research analysts have also recently weighed in on the stock. Morgan Stanley lifted their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the company an "outperform" rating in a research note on Friday, July 11th. Jefferies Financial Group lifted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Finally, JPMorgan Chase & Co. cut 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. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $292.58.

Talen Energy Stock Performance

Shares of TLN opened at $346.62 on Friday. Talen Energy has a 1 year low of $98.50 and a 1 year high of $352.77. The company has a market cap of $15.77 billion, a price-to-earnings ratio of 35.99, a price-to-earnings-growth ratio of 7.83 and a beta of 1.85. 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 firm has a fifty day moving average of $276.06 and a 200-day moving average of $236.25.

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

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 388,530 shares of company stock valued at $114,090,933 in the last quarter. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Talen Energy by 5.7% in the 4th 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 in the last quarter. Fred Alger Management LLC increased its stake in Talen Energy by 56.3% in the 1st 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 in the last quarter. Lone Pine Capital LLC increased its stake in Talen Energy by 27.2% in the 4th 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 in the last quarter. Invesco Ltd. increased its stake in Talen Energy by 32.8% in the 4th 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 in the last quarter. Finally, Third Point LLC purchased a new position in Talen Energy in the 1st quarter worth about $116,807,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

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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