Talen Energy (NASDAQ:TLN) Downgraded to “Sell” Rating by Wall Street Zen

Talen Energy (NASDAQ:TLN) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other research firms have also commented on TLN. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a report on Wednesday, March 5th. Morgan Stanley assumed coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price on the stock. Barclays decreased their target price on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $240.18.

Talen Energy Price Performance

NASDAQ:TLN opened at $243.08 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy has a 52 week low of $98.50 and a 52 week high of $258.03. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 2.70 and a beta of 1.90. The firm’s 50-day simple moving average is $213.66 and its 200 day simple moving average is $214.00.

Talen Energy (NASDAQ:TLN) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. As a group, sell-side analysts predict that Talen Energy will post 15.94 earnings per share for the current year.

Institutional Investors Weigh In On Talen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Talen Energy during the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new stake in Talen Energy during the 1st quarter worth approximately $35,000. LRI Investments LLC boosted its position 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 acquired a new stake in Talen Energy during the 1st quarter worth approximately $35,000. 0.38% of the stock is owned by institutional investors.

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.