JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Talen Energy (NASDAQ:TLN) Stock

Talen Energy (NASDAQ:TLN) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $432.00 to $442.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 15.68% from the stock’s previous close.

TLN has been the topic of a number of other reports. Evercore ISI upped their price objective on Talen Energy from $410.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Barclays upped their price objective on Talen Energy from $418.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, October 8th. UBS Group set a $431.00 price target on Talen Energy and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Zacks Research cut Talen Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $390.38.

Talen Energy Stock Performance

Shares of NASDAQ TLN opened at $382.09 on Monday. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34. The stock’s fifty day moving average price is $401.36 and its two-hundred day moving average price is $313.89. Talen Energy has a one year low of $158.08 and a one year high of $451.28. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 108.24, a P/E/G ratio of 2.24 and a beta of 1.88.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The firm had revenue of $630.00 million for the quarter, compared to analyst estimates of $481.48 million. On average, equities analysts forecast that Talen Energy will post 15.94 EPS for the current year.

Institutional Trading of Talen Energy

Several large investors have recently bought and sold shares of TLN. Janney Montgomery Scott LLC boosted its stake in Talen Energy by 15.2% in the first quarter. Janney Montgomery Scott LLC now owns 14,810 shares of the utilities provider’s stock valued at $2,957,000 after buying an additional 1,951 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Talen Energy in the first quarter valued at about $3,306,000. Avior Wealth Management LLC boosted its stake in Talen Energy by 15.6% in the first quarter. Avior Wealth Management LLC now owns 1,484 shares of the utilities provider’s stock valued at $296,000 after buying an additional 200 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Talen Energy by 10.4% in the first quarter. Oppenheimer Asset Management Inc. now owns 11,205 shares of the utilities provider’s stock valued at $2,237,000 after buying an additional 1,055 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in Talen Energy in the first quarter valued at about $703,000. 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.