Talen Energy (TLN) Projected to Post Earnings on Thursday

Talen Energy (NASDAQ:TLN) will likely be posting its quarterly earnings results after the market closes on Thursday, February 27th. Analysts expect Talen Energy to post earnings of $0.66 per share and revenue of $433.90 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Talen Energy Stock Down 1.3 %

Talen Energy stock opened at $215.85 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The business’s 50-day simple moving average is $222.33 and its two-hundred day simple moving average is $177.52. The company has a market cap of $10.98 billion, a PE ratio of 11.56, a PEG ratio of 2.70 and a beta of 1.70. Talen Energy has a fifty-two week low of $69.06 and a fifty-two week high of $258.03.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value 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 represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Evercore ISI began coverage on Talen Energy in a research note on Friday. They set an “outperform” rating on the stock. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective for the company. Barclays boosted their price objective on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, UBS Group boosted their price objective on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $247.10.

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.