Seaport Res Ptn Lowers Earnings Estimates for Talen Energy

Talen Energy Corporation (NASDAQ:TLN - Free Report) - Analysts at Seaport Res Ptn reduced their FY2028 EPS estimates for shares of Talen Energy in a research note issued to investors on Monday, March 31st. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $35.18 per share for the year, down from their prior forecast of $36.22. 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 FY2029 earnings at $47.15 EPS.

Several other research firms also recently issued reports on TLN. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Evercore ISI assumed coverage on Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Finally, Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy has a consensus rating of "Buy" and a consensus price target of $241.09.

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Talen Energy Stock Performance

Shares of Talen Energy stock traded down $10.01 during midday trading on Tuesday, hitting $174.40. The company had a trading volume of 2,379,726 shares, compared to its average volume of 1,129,594. The stock has a market cap of $7.94 billion, a PE ratio of 9.34, a P/E/G ratio of 2.70 and a beta of 1.93. Talen Energy has a 1-year low of $98.50 and a 1-year high of $258.03. The business's 50 day simple moving average is $212.51 and its two-hundred day simple moving average is $193.94. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Hedge Funds Weigh In On Talen Energy

Several institutional investors have recently added to or reduced their stakes in TLN. Allworth Financial LP raised its stake 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 valued at $37,000 after acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in Talen Energy during the 4th quarter valued at $37,000. Geneos Wealth Management Inc. bought a new position in Talen Energy in the 4th quarter valued at $39,000. BNP Paribas Financial Markets acquired a new position in Talen Energy in the third quarter worth $36,000. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy during the fourth quarter worth $42,000. 0.38% of the stock is owned by institutional investors.

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.