Wells Fargo & Company Lowers Talen Energy (NASDAQ:TLN) Price Target to $445.00

Talen Energy (NASDAQ:TLN) had its price objective lowered by equities research analysts at Wells Fargo & Company from $453.00 to $445.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 15.11% from the company’s previous close.

Several other research firms have also commented on TLN. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Scotiabank initiated coverage on Talen Energy in a research report on Monday, September 22nd. They set a “sector perform” rating and a $418.00 price target for the company. Jefferies Financial Group lifted their price target on Talen Energy from $326.00 to $380.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Finally, Morgan Stanley decreased their target price on Talen Energy from $442.00 to $441.00 and set an “overweight” rating for the company in a research report on Tuesday, October 28th. Fourteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $395.07.

Talen Energy Price Performance

TLN opened at $386.57 on Thursday. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.34. The company has a market capitalization of $17.66 billion, a price-to-earnings ratio of 83.67, a P/E/G ratio of 2.35 and a beta of 1.83. The firm’s fifty day moving average price is $407.51 and its two-hundred day moving average price is $331.91. Talen Energy has a 1 year low of $158.08 and a 1 year high of $451.28.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Wednesday, November 5th. The utilities provider reported $4.25 EPS for the quarter, beating the consensus estimate of $4.01 by $0.24. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company had revenue of $812.00 million during the quarter, compared to the consensus estimate of $707.90 million. During the same quarter in the prior year, the company posted $3.16 earnings per share. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. As a group, analysts anticipate that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TLN. Grove Bank & Trust bought a new stake in Talen Energy in the 3rd quarter valued at about $32,000. Assetmark Inc. increased its stake in shares of Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Talen Energy in the second quarter valued at approximately $27,000. MAI Capital Management lifted its stake in shares of Talen Energy by 115.7% during the 2nd quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock valued at $25,000 after buying an additional 93 shares in the last quarter. Institutional investors 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.