Wall Street Zen Downgrades Talen Energy (NASDAQ:TLN) to Sell

Talen Energy (NASDAQ:TLN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Sunday.

Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. lowered their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target on the stock. Barclays lowered their target price 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, March 4th. Finally, UBS Group dropped their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a research note on Friday, April 11th. One research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $246.33.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $291.59 on Friday. Talen Energy has a 12 month low of $98.50 and a 12 month high of $294.76. The stock’s fifty day moving average price is $240.82 and its 200-day moving average price is $221.98. The firm has a market cap of $13.27 billion, a P/E ratio of 30.28, a P/E/G ratio of 7.06 and a beta of 1.79. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.35). The company had revenue of $390.00 million during the quarter, compared to analysts’ expectations of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. On average, equities research analysts expect that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

Several hedge funds have recently made changes to their positions in TLN. Signaturefd LLC grew its position in Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group bought a new position in Talen Energy in the first quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Talen Energy during the first quarter valued at $35,000. LRI Investments LLC raised its holdings in shares of Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after buying an additional 111 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Talen Energy during the 1st quarter worth $35,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.