Trade Report: Today, Analysts gives Consensus Recommendation of “Hold” to Talen Energy Corp. (TLN)

Today, Analysts gives Consensus Recommendation of “Hold” to Talen Energy Corp. (TLN)

Talen Energy Corp. (NYSE:TLN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock. Seven investment analysts have rated the stock with a hold recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $16.50.

A number of brokerages have recently weighed in on TLN. Deutsche Bank AG reaffirmed a “hold” rating on shares of Talen Energy Corp. in a research note on Thursday, August 25th. Zacks Investment Research raised shares of Talen Energy Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisor Partners LLC raised its stake in Talen Energy Corp. by 1.3% in the third quarter. Advisor Partners LLC now owns 10,730 shares of the company’s stock valued at $149,000 after buying an additional 138 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in Talen Energy Corp. by 1.6% in the third quarter. Mycio Wealth Partners LLC now owns 13,676 shares of the company’s stock valued at $189,000 after buying an additional 215 shares in the last quarter. Valley National Advisers Inc. raised its stake in Talen Energy Corp. by 1.2% in the second quarter. Valley National Advisers Inc. now owns 20,557 shares of the company’s stock valued at $279,000 after buying an additional 246 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Talen Energy Corp. by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 28,840 shares of the company’s stock valued at $399,000 after buying an additional 400 shares in the last quarter. Finally, Suntrust Banks Inc. raised its stake in Talen Energy Corp. by 3.7% in the second quarter. Suntrust Banks Inc. now owns 12,087 shares of the company’s stock valued at $162,000 after buying an additional 434 shares in the last quarter. 95.89% of the stock is owned by institutional investors and hedge funds.

Talen Energy Corp. (NYSE:TLN) traded up 0.036% during mid-day trading on Friday, reaching $13.935. 571,845 shares of the company’s stock traded hands. Talen Energy Corp. has a 52-week low of $5.73 and a 52-week high of $14.03. The company has a 50-day moving average of $13.92 and a 200-day moving average of $13.58. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.361 and a beta of 1.17.

Talen Energy Corp. (NYSE:TLN) last issued its quarterly earnings results on Thursday, November 10th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The company earned $1.24 billion during the quarter, compared to analyst estimates of $977.73 million. Talen Energy Corp. had a net margin of 4.11% and a return on equity of 4.81%. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted ($3.12) EPS. Equities research analysts expect that Talen Energy Corp. will post $1.38 EPS for the current year.

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