Talen Energy (NASDAQ:TLN) Upgraded at Wall Street Zen

Key Points

• Talen Energy was upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a positive shift in analyst sentiment.
• Major shareholder Rubric Capital Management sold 178,000 shares, indicating a potential reduction in insider confidence, but still retains a significant ownership stake.
• Consensus analyst rating for Talen Energy is a "Moderate Buy", with a target price of $292.58, despite fluctuations in its share price.

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

A number of other equities analysts have also commented on the stock. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Morgan Stanley raised their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Barclays raised 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, July 18th. Raymond James Financial initiated coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective for the company. Finally, UBS Group set a $431.00 target price on shares of Talen Energy and gave the company a "buy" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Talen Energy has a consensus rating of "Moderate Buy" and a consensus price target of $292.58.

Talen Energy Trading Down 0.2%

Shares of NASDAQ:TLN opened at $374.68 on Monday. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of 106.14, a PEG ratio of 3.12 and a beta of 1.90. Talen Energy has a 1-year low of $113.41 and a 1-year high of $394.07. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84. The company has a 50 day moving average price of $302.73 and a 200 day moving average price of $246.52.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. On average, research analysts anticipate that Talen Energy will post 15.94 EPS for the current fiscal year.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction 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 transaction, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. increased its holdings in shares of 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 period. IFP Advisors Inc increased its stake in 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 acquiring an additional 56 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in 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 acquiring an additional 88 shares during the period. Signaturefd LLC increased its stake in 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 acquiring an additional 93 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new stake in Talen Energy in the second quarter valued at about $27,000. 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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