Talen Energy (TLN) Projected to Post Quarterly Earnings on Thursday

Talen Energy (NASDAQ:TLN - Get Free Report) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Talen Energy to post earnings of $0.66 per share and revenue of $448.54 million for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Talen Energy Stock Down 7.3 %

Shares of NASDAQ TLN traded down $17.32 during midday trading on Friday, hitting $219.11. 1,083,513 shares of the stock traded hands, compared to its average volume of 1,140,322. The company has a market cap of $11.14 billion, a PE ratio of 11.76, a P/E/G ratio of 2.83 and a beta of 1.70. Talen Energy has a one year low of $67.55 and a one year high of $258.03. The business has a 50 day moving average price of $221.97 and a two-hundred day moving average price of $175.07. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business's 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TLN. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They set a "buy" rating and a $248.00 price target for the company. Evercore ISI began coverage on Talen Energy in a report on Friday. They set an "outperform" rating for the company. UBS Group upped their price target on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Barclays upped their price target on Talen Energy from $245.00 to $293.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy currently has an average rating of "Buy" and a consensus price target of $247.10.

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.