Talen Energy (NASDAQ:TLN) Hits New 1-Year Low – Here’s What Happened

Talen Energy Corporation (NASDAQ:TLN) shares hit a new 52-week low during trading on Monday . The company traded as low as $288.00 and last traded at $288.6730, with a volume of 662759 shares changing hands. The stock had previously closed at $312.74.

Analysts Set New Price Targets

TLN has been the topic of several research analyst reports. Barclays cut their price objective on Talen Energy from $411.00 to $408.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 28th. New Street Research set a $405.00 target price on Talen Energy in a research report on Monday, August 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $509.00 target price on shares of Talen Energy in a research note on Monday, August 10th. Weiss Ratings downgraded shares of Talen Energy from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 18th. Finally, Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 27th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $459.17.

Talen Energy Price Performance

The company has a current ratio of 0.78, a quick ratio of 0.55 and a debt-to-equity ratio of 5.82. The business’s fifty day moving average is $341.05 and its 200 day moving average is $351.70. The company has a market cap of $13.85 billion, a P/E ratio of -69.36 and a beta of 1.84.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($2.00) earnings per share for the quarter, missing the consensus estimate of $3.21 by ($5.21). The firm had revenue of $747.00 million for the quarter, compared to the consensus estimate of $832.81 million. Talen Energy had a negative net margin of 5.38% and a positive return on equity of 43.32%. As a group, sell-side analysts anticipate that Talen Energy Corporation will post 21.99 EPS for the current year.

Institutional Investors Weigh In On Talen Energy

Several large investors have recently added to or reduced their stakes in TLN. Oppenheimer Asset Management Inc. purchased a new position in Talen Energy in the 2nd quarter valued at approximately $4,132,000. Ninepoint Partners LP purchased a new stake in shares of Talen Energy during the second quarter worth $1,694,000. 180 GPS Investments IC Ltd purchased a new stake in shares of Talen Energy during the second quarter worth $8,636,000. Diversify Advisory Services LLC bought a new position in shares of Talen Energy in the second quarter worth $12,228,000. Finally, Global Retirement Partners LLC bought a new position in shares of Talen Energy in the second quarter worth $1,213,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Corporation is an independent power producer that owns and operates electricity-generating facilities in the United States. Its portfolio includes nuclear, natural gas, and other generation assets, which supply electricity to wholesale markets and customers across several regions.

The company’s principal business activities include generating and selling electricity, capacity, and ancillary services. Talen’s nuclear operations include the Susquehanna Steam Electric Station in Pennsylvania, while its broader portfolio serves markets primarily within the Eastern and Southern United States, including the PJM Interconnection.

Talen Energy was formed in 2015 through the combination of RRI Energy and power-generation assets owned by affiliates of Riverstone Holdings.