Talen Energy (NASDAQ:TLN) Rating Lowered to “Strong Sell” at Zacks Research

Talen Energy (NASDAQ:TLN) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Several other research firms have also recently commented on TLN. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Susquehanna set a $449.00 target price on Talen Energy in a research note on Friday, August 7th. Weiss Ratings lowered Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 18th. Mizuho started coverage on Talen Energy in a research note on Monday, August 24th. They issued an “outperform” rating and a $405.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Talen Energy from $482.00 to $501.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $461.95.

Talen Energy Trading Down 1.1%

Talen Energy stock opened at $327.91 on Thursday. Talen Energy has a 52-week low of $279.77 and a 52-week high of $449.84. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of -78.64 and a beta of 1.82. The firm has a 50-day moving average price of $322.69 and a two-hundred day moving average price of $350.75.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate of $3.21 by ($5.21). The firm had revenue of $959.00 million during the quarter, compared to analyst estimates of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. Sell-side analysts expect that Talen Energy will post 21.15 earnings per share for the current year.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Grove Bank & Trust boosted its position in Talen Energy by 40.5% during the 3rd quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 30 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Talen Energy by 3.6% in the 1st quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 36 shares during the period. Red Door Wealth Management LLC increased its holdings in shares of Talen Energy by 2.1% in the 1st quarter. Red Door Wealth Management LLC now owns 2,236 shares of the utilities provider’s stock valued at $714,000 after purchasing an additional 45 shares during the period. Compound Planning Inc. lifted its position in shares of Talen Energy by 5.7% in the first quarter. Compound Planning Inc. now owns 889 shares of the utilities provider’s stock worth $284,000 after purchasing an additional 48 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position in shares of Talen Energy by 2.2% in the second quarter. Ancora Advisors LLC now owns 2,273 shares of the utilities provider’s stock worth $873,000 after purchasing an additional 50 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

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.