Talen Energy (NASDAQ:TLN) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Talen Energy (NASDAQ:TLN) from a sell rating to a hold rating in a research report released on Monday.

Several other brokerages have also issued reports on TLN. UBS Group set a $431.00 target price on shares of Talen Energy and gave the stock a “buy” rating in a research note on Friday, July 25th. Oppenheimer set a $315.00 target price on shares of Talen Energy and gave the stock an “outperform” rating in a research note on Friday, July 11th. Raymond James Financial assumed coverage on shares of Talen Energy in a research note on Friday, June 13th. They set an “outperform” rating and a $314.00 target price on the stock. Susquehanna reissued an “overweight” rating on shares of Talen Energy in a research note on Thursday, June 12th. Finally, Jefferies Financial Group raised their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a “buy” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $292.58.

Talen Energy Trading Down 1.3%

TLN opened at $369.95 on Monday. Talen Energy has a twelve month low of $113.41 and a twelve month high of $394.07. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39. The company has a fifty day moving average of $305.16 and a 200-day moving average of $247.39. The stock has a market cap of $16.90 billion, a PE ratio of 104.80, a price-to-earnings-growth ratio of 3.12 and a beta of 1.90.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.13) by $2.63. The business had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. On average, sell-side analysts predict that Talen Energy will post 15.94 EPS for the current year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the 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 completion of the sale, the insider owned 5,734,970 shares in the company, valued at $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 SEC, which is available at this hyperlink. Insiders have sold a total of 388,530 shares of company stock valued at $114,090,933 in the last three months.

Institutional Trading of Talen Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Crescent Grove Advisors LLC purchased a new stake in shares of Talen Energy in the first quarter valued at about $285,000. TCW Group Inc. purchased a new stake in Talen Energy during the first quarter worth about $9,266,000. Principal Financial Group Inc. increased its holdings in Talen Energy by 114.9% during the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider’s stock worth $717,000 after buying an additional 1,920 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in Talen Energy during the first quarter worth about $756,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Talen Energy during the first quarter worth about $703,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

About Talen Energy

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.