Talen Energy Corporation (NASDAQ:TLN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $205.33.

Several brokerages have issued reports on TLN. Barclays reduced their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday. Royal Bank of Canada began coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective on the stock. BWS Financial upped their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Oppenheimer upped their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock.

Hedge Funds Weigh In On Talen Energy

Several institutional investors and hedge funds have recently bought and sold shares of TLN. Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy in the third quarter worth $214,000. Guidance Capital Inc. acquired a new stake in shares of Talen Energy in the third quarter worth $348,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Talen Energy in the third quarter worth $361,000. Mcdaniel Terry & Co. acquired a new stake in shares of Talen Energy in the third quarter worth $371,000. Finally, Shikiar Asset Management Inc. acquired a new stake in shares of Talen Energy in the second quarter worth $278,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Down 2.8 %

Shares of NASDAQ TLN opened at $177.98 on Friday. Talen Energy has a 12-month low of $52.01 and a 12-month high of $197.61. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. The firm’s 50-day moving average is $125.17 and its two-hundred day moving average is $99.53.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The company had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. Research analysts anticipate that Talen Energy will post 13.79 EPS for the current year.

Talen Energy Company Profile

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.