Talen Energy Corporation (NASDAQ:TLN) Receives $205.33 Consensus Target Price from Brokerages

Talen Energy Corporation (NASDAQ:TLN) has earned an average recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $210.33.

Several research analysts have commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. Oppenheimer lifted their price target on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Guggenheim increased their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group assumed coverage on Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price for the company. Finally, Royal Bank of Canada started coverage on Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock.

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently made changes to their positions in TLN. Geode Capital Management LLC bought a new position in Talen Energy in the third quarter worth approximately $100,317,000. First Sabrepoint Capital Management LP purchased a new position in shares of Talen Energy in the 3rd quarter valued at $6,238,000. K2 Principal Fund L.P. bought a new position in shares of Talen Energy in the 3rd quarter worth $5,220,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Talen Energy during the 3rd quarter worth $1,714,000. Finally, XTX Topco Ltd bought a new stake in Talen Energy during the third quarter valued at about $520,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $200.43 on Tuesday. The firm has a market capitalization of $10.22 billion and a price-to-earnings ratio of 10.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The business has a 50 day simple moving average of $149.91 and a 200-day simple moving average of $113.48. Talen Energy has a 1 year low of $53.03 and a 1 year high of $217.79.

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.