Talen Energy (NASDAQ:TLN) Upgraded by Wall Street Zen to "Hold" Rating

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

Several other analysts also recently commented on TLN. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Raymond James Financial started coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price for the company. Barclays reduced their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of Talen Energy from $296.00 to $366.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $255.25.

Talen Energy Stock Performance

Shares of TLN stock traded up $16.23 during mid-day trading on Monday, hitting $292.50. 812,035 shares of the stock were exchanged, compared to its average volume of 1,159,294. The stock's fifty day simple moving average is $253.05 and its two-hundred day simple moving average is $225.67. The stock has a market capitalization of $13.31 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 6.72 and a beta of 1.85. Talen Energy has a 12-month low of $98.50 and a 12-month high of $301.70. 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 announced its earnings results 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). The firm had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, analysts forecast that Talen Energy will post 15.94 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction on 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 completion of the sale, the insider owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 388,530 shares of company stock worth $114,090,933 over the last 90 days. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in TLN. Signaturefd LLC grew its position 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 in the last quarter. Brooklyn Investment Group purchased a new position in shares of Talen Energy in the first quarter valued at $25,000. Golden State Wealth Management LLC acquired a new stake in Talen Energy during the 1st quarter valued at $35,000. LRI Investments LLC increased its stake in Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after buying an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in Talen Energy during the 1st quarter worth $35,000. Institutional investors and hedge funds own 0.38% of the company's stock.

About Talen Energy

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.