Talen Energy (NASDAQ:TLN) Stock Picked Up by Analysts at HSBC

HSBC assumed coverage on shares of Talen Energy (NASDAQ:TLN) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set a “buy” rating and a $444.30 price target on the utilities provider’s stock. HSBC’s price target would suggest a potential upside of 23.59% from the stock’s current price.

A number of other equities analysts also recently commented on TLN. Wells Fargo & Company upped their price objective on shares of Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research report on Thursday, August 6th. Morgan Stanley lowered their target price on shares of Talen Energy from $514.00 to $504.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays lowered their target price on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Zacks Research cut shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Susquehanna set a $449.00 price target on shares of Talen Energy in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $461.95.

Talen Energy Trading Up 2.9%

NASDAQ:TLN opened at $359.49 on Thursday. Talen Energy has a 12-month low of $279.77 and a 12-month high of $449.84. The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The stock’s 50 day simple moving average is $323.93 and its 200-day simple moving average is $350.89. The firm has a market cap of $17.22 billion, a P/E ratio of -86.21 and a beta of 1.82.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). Talen Energy had a positive return on equity of 43.32% and a negative net margin of 5.38%. The company had revenue of $959.00 million for the quarter, compared to analyst estimates of $832.81 million. Equities analysts anticipate that Talen Energy will post 21.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TLN. BlackRock Inc. purchased a new position in Talen Energy in the 2nd quarter valued at about $1,673,803,000. MFN Partners Management LP acquired a new stake in shares of Talen Energy during the 2nd quarter worth about $1,152,780,000. Carronade Capital Management LP grew its holdings in shares of Talen Energy by 11.6% during the first quarter. Carronade Capital Management LP now owns 644,484 shares of the utilities provider’s stock worth $205,739,000 after buying an additional 67,245 shares in the last quarter. Two Seas Capital LP purchased a new stake in shares of Talen Energy during the second quarter worth about $194,900,000. Finally, William Blair Investment Management LLC acquired a new position in shares of Talen Energy in the second quarter valued at approximately $191,231,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.