Talen Energy (NASDAQ:TLN) Reaches New 1-Year Low – Time to Sell?

Talen Energy Corporation (NASDAQ:TLN)’s stock price reached a new 52-week low on Monday . The company traded as low as $288.00 and last traded at $288.6730, with a volume of 662759 shares changing hands. The stock had previously closed at $312.74.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TLN. Jefferies Financial Group decreased 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 report on Monday, July 20th. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. BNP Paribas Exane reiterated an “outperform” rating and issued a $560.00 target price on shares of Talen Energy in a research note on Wednesday, August 19th. New Street Research set a $405.00 target price on Talen Energy in a research report on Monday, August 24th. Finally, Zacks Research lowered Talen Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $459.17.

Talen Energy Stock Performance

The stock’s fifty day simple moving average is $337.54 and its two-hundred day simple moving average is $350.31. The company has a market cap of $13.52 billion, a price-to-earnings ratio of -67.66 and a beta of 1.84. The company has a debt-to-equity ratio of 5.82, a quick ratio of 0.55 and a current ratio of 0.78.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) 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 firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $832.81 million. Equities research analysts anticipate that Talen Energy Corporation will post 21.99 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Talen Energy during the second quarter worth approximately $1,673,803,000. MFN Partners Management LP purchased a new position in Talen Energy in the 2nd quarter worth approximately $1,152,780,000. Norges Bank purchased a new position in shares of Talen Energy in the fourth quarter valued at $225,930,000. Two Seas Capital LP purchased a new position in Talen Energy in the 2nd quarter valued at about $194,900,000. Finally, William Blair Investment Management LLC acquired a new stake in Talen Energy during the 2nd quarter valued at approximately $191,231,000. 0.38% of the stock is owned by institutional investors and hedge funds.

About Talen Energy

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.