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

Mizuho began coverage on shares of Talen Energy (NASDAQ:TLN) in a research note issued to investors on Monday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $405.00 price target on the utilities provider’s stock.

A number of other equities research analysts have also issued reports on the stock. Jefferies Financial Group cut their target price on shares of Talen Energy from $453.00 to $422.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a research note on Monday, August 10th. New Street Research set a $405.00 price objective on Talen Energy in a report on Monday. Barclays cut 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, July 28th. Finally, Morgan Stanley reduced their target price on Talen Energy from $508.00 to $503.00 and set an “overweight” rating on the stock in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $466.86.

Talen Energy Stock Down 0.4%

TLN stock opened at $306.29 on Monday. Talen Energy has a twelve month low of $301.45 and a twelve month high of $451.28. 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 company has a market capitalization of $14.67 billion, a P/E ratio of -73.45 and a beta of 1.90. The firm has a 50 day simple moving average of $363.49 and a 200-day simple moving average of $356.84.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 $747.00 million during the quarter, compared to the consensus estimate of $832.81 million. On average, equities research analysts predict that Talen Energy will post 21.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Talen Energy

In other news, Director Gizman I. Abbas sold 2,600 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $380.00, for a total value of $988,000.00. Following the transaction, the director directly owned 2,606 shares in the company, valued at approximately $990,280. This trade represents a 49.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.78% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors have recently modified their holdings of TLN. Continuum Advisory LLC acquired a new position in Talen Energy in the second quarter valued at approximately $33,000. Advisory Services Network LLC bought a new position in shares of Talen Energy during the third quarter valued at approximately $35,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Talen Energy by 1,500.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 90 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Talen Energy during the 2nd quarter worth approximately $38,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Talen Energy by 404.0% in the 1st quarter. Bessemer Group Inc. now owns 126 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 101 shares during the last quarter. Institutional investors own 0.38% of the company’s stock.

About Talen Energy

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).