Talen Energy Corporation (NASDAQ:TLN) Receives $241.09 Average Price Target from Analysts

Talen Energy Corporation (NASDAQ:TLN) has earned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Twelve investment analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have covered the stock in the last year is $240.18.

Several brokerages recently issued reports on TLN. JPMorgan Chase & Co. reduced their price objective on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a report on Friday, March 28th. Barclays reduced their price objective on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Evercore ISI started coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. Finally, Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy in the 3rd quarter worth about $36,000. Allworth Financial LP raised its holdings in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy during the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the fourth quarter worth approximately $39,000. Finally, Empowered Funds LLC acquired a new stake in shares of Talen Energy in the fourth quarter worth $42,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 1.3 %

Shares of Talen Energy stock opened at $202.93 on Friday. The company has a 50-day moving average of $207.62 and a two-hundred day moving average of $198.21. Talen Energy has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The stock has a market cap of $9.24 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93.

Talen Energy Company Profile

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.