Seaport Res Ptn Weighs in on Talen Energy FY2029 Earnings

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

Other equities analysts also recently issued reports about the company. Evercore ISI started coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. UBS Group lifted their target price 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. Barclays lowered their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday. Oppenheimer boosted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Daiwa Capital Markets initiated coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for the company. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Talen Energy has a consensus rating of “Buy” and an average target price of $246.00.

Talen Energy Stock Down 2.4 %

Shares of TLN opened at $176.24 on Thursday. Talen Energy has a fifty-two week low of $83.14 and a fifty-two week high of $258.03. The firm has a market cap of $8.10 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average is $222.09 and its two-hundred day moving average is $181.48.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred 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 sale, the insider now owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its position in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp bought a new stake in Talen Energy in the 4th quarter valued at $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy in the fourth quarter valued at about $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $36,000. Finally, Empowered Funds LLC bought a new stake in Talen Energy during the 4th quarter worth approximately $42,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

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.