Analysts Set Talen Energy Corporation (NASDAQ:TLN) Price Target at $448.58

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given a consensus recommendation of “Moderate Buy” by the fourteen research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $448.5833.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a report on Thursday, March 19th. Morgan Stanley reissued an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a report on Thursday, May 21st. Barclays boosted their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a report on Tuesday, May 19th. Wells Fargo & Company boosted their price objective on Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, BNP Paribas Exane assumed coverage on Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective for the company.

Talen Energy Stock Up 4.6%

Shares of NASDAQ TLN opened at $360.54 on Wednesday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. The firm has a market cap of $16.37 billion, a price-to-earnings ratio of -538.11 and a beta of 1.80. Talen Energy has a 1 year low of $255.50 and a 1 year high of $451.28. The stock’s 50-day simple moving average is $356.99 and its 200-day simple moving average is $358.33.

Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in Talen Energy in the first quarter valued at about $69,000. South Dakota Investment Council increased its holdings in Talen Energy by 7.1% in the first quarter. South Dakota Investment Council now owns 3,063 shares of the utilities provider’s stock valued at $978,000 after buying an additional 203 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Talen Energy by 2,932.5% during the first quarter. Sunbelt Securities Inc. now owns 7,187 shares of the utilities provider’s stock valued at $2,294,000 after purchasing an additional 6,950 shares during the last quarter. Amundi grew its holdings in shares of Talen Energy by 23.7% during the first quarter. Amundi now owns 85,720 shares of the utilities provider’s stock valued at $27,364,000 after purchasing an additional 16,400 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Talen Energy by 24.0% during the first quarter. California State Teachers Retirement System now owns 45,753 shares of the utilities provider’s stock valued at $14,606,000 after purchasing an additional 8,859 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

About Talen Energy

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).