Talen Energy Corporation (NASDAQ:TLN) Receives $436.75 Average Target Price from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $437.1667.

TLN has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. BNP Paribas Exane initiated coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company. Morgan Stanley restated an “overweight” rating and issued a $479.00 price objective on shares of Talen Energy in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Finally, Barclays lowered their price objective on shares of Talen Energy from $425.00 to $408.00 and set an “overweight” rating for the company in a report on Monday.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ritholtz Wealth Management increased its stake in shares of Talen Energy by 3.6% in the first quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock worth $334,000 after buying an additional 36 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Talen Energy by 5.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock worth $252,000 after buying an additional 36 shares during the period. Compound Planning Inc. increased its stake in shares of Talen Energy by 4.7% in the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock worth $315,000 after buying an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC increased its stake in shares of Talen Energy by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after buying an additional 39 shares during the period. Finally, Values First Advisors Inc. increased its stake in shares of Talen Energy by 4.7% in the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock worth $312,000 after buying an additional 44 shares during the period. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Trading Up 1.7%

Shares of TLN opened at $345.25 on Tuesday. The firm has a market cap of $15.67 billion, a price-to-earnings ratio of -69.89, a PEG ratio of 0.48 and a beta of 2.15. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. Talen Energy has a fifty-two week low of $205.45 and a fifty-two week high of $451.28. The firm has a 50 day moving average price of $341.04 and a 200-day moving average price of $365.93.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).