Seaport Res Ptn Predicts Talen Energy FY2029 Earnings

Talen Energy Corporation (NASDAQ:TLN) – Equities research analysts at Seaport Res Ptn issued their FY2029 earnings per share (EPS) estimates for Talen Energy in a report released on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings per share of $48.83 for the year. The consensus estimate for Talen Energy’s current full-year earnings is $15.94 per share.

Several other equities analysts have also weighed in on TLN. Daiwa Capital Markets initiated coverage on shares of Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective on the stock. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday. UBS Group boosted their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Oppenheimer increased their target price on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $246.00.

Talen Energy Stock Performance

Shares of NASDAQ:TLN opened at $197.85 on Thursday. The stock has a market capitalization of $9.09 billion, a P/E ratio of 10.59, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a 1-year low of $83.14 and a 1-year high of $258.03. The business has a 50-day moving average price of $222.79 and a two-hundred day moving average price of $181.37.

Hedge Funds Weigh In On Talen Energy

A number of large investors have recently bought and sold shares of TLN. M&G PLC bought a new stake in shares of Talen Energy in the third quarter worth $14,797,000. GSA Capital Partners LLP bought a new position in Talen Energy in the third quarter valued at $1,398,000. Victory Capital Management Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at $929,000. Oppenheimer Asset Management Inc. bought a new stake in Talen Energy during the 3rd quarter worth about $1,411,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $1,097,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Insider Activity at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

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.