Talen Energy Corporation (NASDAQ:TLN) Given Consensus Rating of “Buy” by Analysts

Talen Energy Corporation (NASDAQ:TLN) has been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $205.33.

A number of analysts have weighed in on the company. Barclays decreased their price target on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research note on Monday. Guggenheim boosted their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada began coverage on Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price on the stock. Oppenheimer lifted their price target on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Finally, UBS Group started coverage on Talen Energy in a research report on Wednesday, September 18th. They issued a “buy” rating and a $197.00 price objective for the company.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $181.00 on Friday. Talen Energy has a one year low of $51.81 and a one year high of $197.61. The business’s 50-day moving average price is $122.51 and its two-hundred day moving average price is $98.42. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. The firm had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. Sell-side analysts anticipate that Talen Energy will post 13.78 earnings per share for the current year.

Hedge Funds Weigh In On Talen Energy

Hedge funds have recently made changes to their positions in the business. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $7,967,000. Allspring Global Investments Holdings LLC acquired a new stake in Talen Energy in the 3rd quarter valued at $29,464,000. Guidance Capital Inc. bought a new stake in Talen Energy in the third quarter valued at $348,000. Finally, Shikiar Asset Management Inc. acquired a new position in Talen Energy during the second quarter worth $278,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.