Talen Energy (NASDAQ:TLN) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of Talen Energy (NASDAQ:TLN) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities analysts also recently commented on TLN. Wells Fargo & Company raised their target price on shares of Talen Energy from $477.00 to $482.00 and gave the company an “overweight” rating in a research note on Monday. Morgan Stanley reissued an “overweight” rating and issued a $508.00 price objective on shares of Talen Energy in a research report on Wednesday, June 24th. Barclays reduced their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research note on Tuesday. Weiss Ratings raised Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Finally, Jefferies Financial Group lowered their target price on Talen Energy from $453.00 to $422.00 and set a “hold” rating for the company in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $476.45.

Talen Energy Trading Up 5.2%

Shares of TLN stock opened at $332.54 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. Talen Energy has a fifty-two week low of $301.45 and a fifty-two week high of $451.28. The firm’s 50 day moving average price is $378.79 and its two-hundred day moving average price is $360.36. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of -496.32 and a beta of 1.82.

Insiders Place Their Bets

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the sale, the director owned 2,606 shares in the company, valued at $990,280. This represents a 49.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.78% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. lifted its stake in Talen Energy by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 36 shares during the last quarter. Ritholtz Wealth Management increased its stake in Talen Energy by 3.6% during the first 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 last quarter. Compound Planning Inc. increased its stake in Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 38 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after purchasing an additional 39 shares during the period. Finally, Values First Advisors Inc. raised its holdings in shares of Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 44 shares during the period. Institutional investors and hedge funds own 0.38% of the company’s stock.

Trending Headlines about Talen Energy

Here are the key news stories impacting Talen Energy this week:

• Positive Sentiment: Zacks upgraded Talen Energy to Strong Buy, citing strengthening earnings prospects. The upgrade could attract additional buying ahead of the company’s upcoming results. All You Need to Know About Talen Energy Corporation Rating Upgrade to Strong Buy
• Positive Sentiment: Wall Street expects earnings growth in next week’s report, with Zacks indicating that Talen Energy has factors that could support an earnings beat. This is raising expectations ahead of the announcement, although it also creates execution risk if results disappoint. Talen Energy Reports Next Week: Wall Street Expects Earnings Growth
• Positive Sentiment: Wells Fargo and Goldman Sachs maintained Buy ratings on Talen Energy, reinforcing favorable institutional analyst sentiment. Wells Fargo Remains a Buy on Talen Energy Goldman Sachs Remains a Buy on Talen Energy
• Neutral Sentiment: Commentary identified TLN as positioned to benefit from long-term clean-energy demand, including renewable power growth and rising electricity needs from electric-vehicle adoption. The theme is supportive but does not represent a specific new contract or financial announcement. Talen Energy Powers a Fresh Market Story

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).