Talen Energy (NASDAQ:TLN) Research Coverage Started at Scotiabank

Scotiabank started coverage on shares of Talen Energy (NASDAQ:TLN) in a research report released on Monday morning, Marketbeat reports. The brokerage issued a sector perform rating and a $418.00 target price on the utilities provider’s stock.

Other equities analysts also recently issued reports about the stock. Melius started coverage on shares of Talen Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $427.00 price target for the company. Zacks Research downgraded shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Morgan Stanley increased their price target on shares of Talen Energy from $330.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. Barclays increased their price target on shares of Talen Energy from $418.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, September 11th. Finally, Wall Street Zen raised shares of Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $358.53.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $416.94 on Monday. The company has a market cap of $19.05 billion, a price-to-earnings ratio of 118.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.89. The company has a 50-day moving average price of $375.95 and a 200-day moving average price of $284.10. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. Talen Energy has a 12 month low of $148.02 and a 12 month high of $430.71.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The company had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. As a group, equities analysts anticipate that Talen Energy will post 15.94 EPS for the current year.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors have recently made changes to their positions in TLN. Signaturefd LLC grew its holdings in shares of 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 buying an additional 93 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of Talen Energy during the first quarter valued at approximately $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Talen Energy during the second quarter valued at approximately $27,000. MAI Capital Management grew its holdings in shares of Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Talen Energy during the first quarter valued at approximately $35,000. Hedge funds and other institutional investors 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.