Wall Street Zen Upgrades Talen Energy (NASDAQ:TLN) to Hold

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

TLN has been the topic of a number of other research reports. Barclays lowered their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Raymond James Financial started coverage on shares of Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective on the stock. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Finally, Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $255.25.

Talen Energy Trading Up 2.2%

TLN stock opened at $297.88 on Monday. Talen Energy has a 52 week low of $98.50 and a 52 week high of $300.00. The company has a market capitalization of $13.56 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 7.15 and a beta of 1.79. The company's 50-day simple moving average is $247.98 and its 200 day simple moving average is $224.36. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62.

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

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 108,313 shares of Talen Energy stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $291.29, for a total transaction of $31,550,493.77. Following the sale, the insider now directly owns 6,015,187 shares of the company's stock, valued at approximately $1,752,163,821.23. This trade represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 388,530 shares of company stock worth $114,090,933.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TLN. Signaturefd LLC grew its position in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Talen Energy in the first quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Talen Energy in the first quarter worth approximately $35,000. LRI Investments LLC boosted its holdings in Talen Energy by 179.0% in 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. Finally, N.E.W. Advisory Services LLC acquired a new stake in Talen Energy during the 1st quarter valued at approximately $35,000. Institutional investors and hedge funds 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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