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

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

Several other equities analysts also recently commented on the stock. Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Barclays dropped their target price 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. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. Finally, UBS Group dropped their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $246.33.

Talen Energy Price Performance

Shares of NASDAQ TLN traded down $1.72 during mid-day trading on Friday, hitting $288.66. 889,255 shares of the company's stock traded hands, compared to its average volume of 1,085,604. The company's 50-day moving average is $238.99 and its two-hundred day moving average is $221.49. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The company has a market capitalization of $13.14 billion, a P/E ratio of 29.98, a PEG ratio of 7.06 and a beta of 1.79. Talen Energy has a 1 year low of $98.50 and a 1 year high of $294.46.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its 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). The business had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, equities analysts anticipate that Talen Energy will post 15.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wedbush Securities Inc. lifted its position in Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock valued at $263,000 after acquiring an additional 55 shares during the last quarter. IFP Advisors Inc lifted its position in Talen Energy by 42.4% during 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 last quarter. Knights of Columbus Asset Advisors LLC lifted its position in Talen Energy by 2.7% during 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 last quarter. Signaturefd LLC lifted its position in Talen Energy by 310.0% during 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 last quarter. Finally, LRI Investments LLC lifted 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 valued at $35,000 after acquiring an additional 111 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors.

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.