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

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

Other analysts have also recently issued research reports about the stock. UBS Group decreased 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. Susquehanna restated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Raymond James Financial initiated coverage on Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. Barclays dropped their target price on 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 target on Talen Energy in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $246.33.

Talen Energy Price Performance

Talen Energy stock traded down $6.17 during midday trading on Friday, reaching $288.00. The company's stock had a trading volume of 873,181 shares, compared to its average volume of 1,081,481. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The stock has a market cap of $13.11 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 7.13 and a beta of 1.78. Talen Energy has a 52 week low of $98.50 and a 52 week high of $299.18. The business has a 50-day moving average price of $242.64 and a 200-day moving average price of $222.49.

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). The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, sell-side analysts predict that Talen Energy will post 15.94 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

A number of hedge funds have recently made changes to their positions in TLN. Vanguard Group Inc. increased its position in Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after purchasing an additional 256,414 shares during the period. Fred Alger Management LLC boosted its stake in shares of 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 valued at $297,937,000 after purchasing an additional 537,398 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth $239,984,000. Lone Pine Capital LLC increased its position 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 buying an additional 233,165 shares during the period. Finally, Invesco Ltd. raised its stake in 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 buying an additional 161,269 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.