Talen Energy (NASDAQ:TLN) Stock Rating Lowered by Zacks Research

Talen Energy (NASDAQ:TLN) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday, Zacks reports.

Several other research analysts have also recently issued reports on the company. Susquehanna set a $449.00 price target on Talen Energy in a report on Friday, August 7th. Jefferies Financial Group dropped their price objective 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. Morgan Stanley cut their price target on Talen Energy from $514.00 to $504.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays lowered their target price on shares of Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $509.00 price target on shares of Talen Energy in a research report on Monday, August 10th. Eleven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and a consensus price target of $461.95.

Talen Energy Stock Performance

Shares of TLN opened at $327.91 on Thursday. The firm has a 50-day moving average price of $322.69 and a 200 day moving average price of $350.75. The company has a quick ratio of 0.55, a current ratio of 0.78 and a debt-to-equity ratio of 5.82. The firm has a market capitalization of $15.71 billion, a PE ratio of -78.64 and a beta of 1.82. Talen Energy has a 52-week low of $279.77 and a 52-week high of $449.84.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($2.00) EPS for the quarter, missing the consensus estimate 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 $959.00 million for the quarter, compared to the consensus estimate of $832.81 million. On average, sell-side analysts anticipate that Talen Energy will post 21.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

Several large investors have recently modified their holdings of the stock. Grove Bank & Trust boosted its stake in Talen Energy by 40.5% in the third quarter. Grove Bank & Trust now owns 104 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 30 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Talen Energy by 3.6% during the first quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after buying an additional 36 shares during the last quarter. Red Door Wealth Management LLC raised its position in shares of Talen Energy by 2.1% during the 1st quarter. Red Door Wealth Management LLC now owns 2,236 shares of the utilities provider’s stock valued at $714,000 after acquiring an additional 45 shares during the last quarter. Compound Planning Inc. increased its holdings in Talen Energy by 5.7% in the first quarter. Compound Planning Inc. now owns 889 shares of the utilities provider’s stock valued at $284,000 after purchasing an additional 48 shares during the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Talen Energy by 2.2% in the 2nd quarter. Ancora Advisors LLC now owns 2,273 shares of the utilities provider’s stock valued at $873,000 after acquiring an additional 50 shares during the period. 0.38% of the stock is currently owned by institutional investors.

About Talen Energy

Talen Energy Corporation (NASDAQ:TLN) is an independent power producer that owns and operates power generation and energy infrastructure assets in the United States. The company sells electricity, capacity and ancillary services into wholesale power markets, serving utilities, commercial and industrial customers, and other energy market participants.

Talen’s generation portfolio includes nuclear, natural gas and other power assets. Its Susquehanna nuclear power station in Pennsylvania is a central part of the company’s operations, and Talen has also pursued energy infrastructure projects designed to support large-scale electricity users, including data centers and other technology-related facilities.

The company was formed in 2015 through the separation of competitive power generation assets from PPL Corporation.