Seaport Res Ptn Comments on Talen Energy FY2029 Earnings

Talen Energy Corporation (NASDAQ:TLN) – Investment analysts at Seaport Res Ptn issued their FY2029 EPS estimates for shares of Talen Energy in a report released on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings of $48.83 per share for the year. The consensus estimate for Talen Energy’s current full-year earnings is $15.94 per share.

A number of other analysts also recently commented on TLN. Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Barclays lowered their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday. Oppenheimer increased their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price on the stock. Finally, UBS Group raised their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $246.00.

Talen Energy Trading Down 8.8 %

NASDAQ TLN opened at $180.53 on Thursday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The business has a fifty day simple moving average of $222.61 and a 200 day simple moving average of $181.49. Talen Energy has a 12 month low of $83.14 and a 12 month high of $258.03. The firm has a market capitalization of $8.30 billion, a P/E ratio of 9.66, a PEG ratio of 2.70 and a beta of 2.00.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the sale, the insider now owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently made changes to their positions in TLN. Allworth Financial LP increased its holdings in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp bought a new position in Talen Energy during the 4th quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the 4th quarter valued at about $39,000. BNP Paribas Financial Markets purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $36,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Company Profile

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.