Analysts Issue Forecasts for Talen Energy FY2029 Earnings

Talen Energy Corporation (NASDAQ:TLN) – Research analysts at Seaport Res Ptn issued their FY2029 EPS estimates for shares of Talen Energy in a report released 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.

TLN has been the subject of several other reports. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for the company. Evercore ISI started coverage on Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. UBS Group increased their price objective 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 assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Finally, Barclays decreased 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. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $246.00.

Talen Energy Price Performance

Shares of TLN opened at $176.24 on Thursday. The firm has a fifty day moving average price of $222.09 and a 200 day moving average price of $181.48. The stock has a market cap of $8.10 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. Talen Energy has a 1-year low of $83.14 and a 1-year high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Institutional Trading of Talen Energy

Several hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Talen Energy during the 3rd quarter worth $520,000. JPMorgan Chase & Co. purchased a new stake in shares of Talen Energy in the third quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy in the fourth quarter valued at about $240,000. Monarch Alternative Capital LP purchased a new position in Talen Energy during the third quarter worth $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new stake in shares of Talen Energy during the third quarter valued at $6,238,000. 0.38% of the stock is 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.