Seaport Res Ptn Expects Reduced Earnings for Talen Energy

Talen Energy Corporation (NASDAQ:TLN - Free Report) - Seaport Res Ptn lowered their FY2025 earnings per share estimates for Talen Energy in a research note issued on Wednesday, March 5th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $8.08 for the year, down from their prior estimate of $8.50. The consensus estimate for Talen Energy's current full-year earnings is $15.94 per share. Seaport Res Ptn also issued estimates for Talen Energy's FY2026 earnings at $17.42 EPS, FY2027 earnings at $25.55 EPS and FY2028 earnings at $36.22 EPS.

Several other research analysts have also recently issued reports on the company. Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating for the company. Bank of America assumed coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price for the company. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $241.20.

Remove Ads

Talen Energy Stock Performance

NASDAQ:TLN traded up $10.81 during mid-day trading on Friday, hitting $176.56. The stock had a trading volume of 1,964,621 shares, compared to its average volume of 1,102,985. 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 company has a 50 day simple moving average of $220.90 and a 200-day simple moving average of $183.17. The stock has a market capitalization of $8.12 billion, a price-to-earnings ratio of 9.45, a P/E/G ratio of 2.70 and a beta of 2.00. Talen Energy has a 52 week low of $98.50 and a 52 week high of $258.03.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the sale, the insider now owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors have recently bought and sold shares of TLN. XTX Topco Ltd acquired a new stake in shares of Talen Energy during the third quarter worth approximately $520,000. JPMorgan Chase & Co. purchased a new stake in Talen Energy in the 3rd quarter worth approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy during the 4th quarter valued at $240,000. Monarch Alternative Capital LP purchased a new position in shares of Talen Energy during the 3rd quarter valued at $258,448,000. Finally, First Sabrepoint Capital Management LP purchased a new position in shares of Talen Energy during the 3rd quarter valued at $6,238,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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.