Talen Energy (TLN) Expected to Announce Earnings on Thursday

Talen Energy (NASDAQ:TLN) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Talen Energy to post earnings of $0.77 per share and revenue of $448.54 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Talen Energy Price Performance

Talen Energy stock opened at $248.33 on Thursday. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 2.75 and a beta of 1.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy has a 1 year low of $67.01 and a 1 year high of $258.03. The firm has a 50-day moving average of $221.43 and a two-hundred day moving average of $174.65.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analysts Set New Price Targets

Several research firms have issued reports on TLN. Daiwa Capital Markets began coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. Barclays boosted their price target on shares of Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Oppenheimer boosted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. UBS Group boosted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Bank of America initiated coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and an average target price 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.