Seaport Res Ptn Lowers Earnings Estimates for Talen Energy

Talen Energy Corporation (NASDAQ:TLN) – Stock analysts at Seaport Res Ptn dropped their FY2028 earnings estimates for shares of Talen Energy in a note issued to investors on Monday, March 31st. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings per share of $35.18 for the year, down from their previous 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.

A number of other equities analysts have also recently commented on the stock. Oppenheimer lifted their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. UBS Group boosted their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Bank of America started coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective on the stock. Barclays cut their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy presently has an average rating of “Buy” and a consensus target price of $241.09.

Talen Energy Stock Up 3.5 %

TLN opened at $214.73 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy has a one year low of $98.50 and a one year high of $258.03. The business’s 50-day simple moving average is $215.18 and its 200-day simple moving average is $193.13. The stock has a market capitalization of $9.77 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00.

Institutional Trading of Talen Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its position 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 buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy during the 4th quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Talen Energy during the 4th quarter worth about $39,000. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy in the 3rd quarter valued at $36,000. Finally, Empowered Funds LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.