Seaport Res Ptn Predicts Talen Energy FY2029 Earnings

Talen Energy Corporation (NASDAQ:TLN - Free Report) - Equities researchers at Seaport Res Ptn issued their FY2029 EPS estimates for shares of Talen Energy in a note issued to investors on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski expects that the utilities provider will post earnings per share of $48.83 for the year. The consensus estimate for Talen Energy's current full-year earnings is $15.94 per share.

Other equities research analysts also recently issued research reports about the company. Barclays reduced their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating for the company. UBS Group raised their price objective 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. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, Bank of America began coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 target price on the stock. Eleven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $241.20.

Talen Energy Price Performance

Shares of NASDAQ TLN traded down $10.49 during mid-day trading on Thursday, reaching $165.75. The company's stock had a trading volume of 3,045,694 shares, compared to its average volume of 1,097,822. Talen Energy has a 1-year low of $98.50 and a 1-year high of $258.03. The stock has a market capitalization of $7.62 billion, a P/E ratio of 8.87, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock has a 50-day moving average of $221.61 and a two-hundred day moving average of $182.82.

Remove Ads

Institutional Trading of Talen Energy

A number of institutional investors have recently bought and sold shares of the company. M&G PLC bought a new stake in shares of Talen Energy in the third quarter valued at approximately $14,797,000. GSA Capital Partners LLP bought a new stake in Talen Energy during the third quarter worth about $1,398,000. Victory Capital Management Inc. acquired a new stake in Talen Energy during the 3rd quarter valued at $929,000. Oppenheimer Asset Management Inc. bought a new position in shares of Talen Energy in the third quarter valued at about $1,411,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Talen Energy in the third quarter worth about $1,097,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Insider Activity at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

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.