Talen Energy (NASDAQ:TLN) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI began coverage on shares of Talen Energy (NASDAQ:TLN) in a report released on Friday,Briefing.com Automated Import reports. The firm set an “outperform” rating on the utilities provider’s stock.

A number of other research firms have also commented on TLN. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. UBS Group upped their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Barclays raised their price objective on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Oppenheimer upped their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Eleven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $247.10.

Talen Energy Trading Up 0.7 %

NASDAQ:TLN opened at $237.98 on Friday. Talen Energy has a 1-year low of $67.55 and a 1-year high of $258.03. The stock has a fifty day simple moving average of $221.97 and a 200 day simple moving average of $175.07. The firm has a market capitalization of $12.10 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.83 and a beta of 1.70. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Mcdaniel Terry & Co. bought a new stake in shares of Talen Energy during the third quarter valued at approximately $371,000. Spirit of America Management Corp NY bought a new position in Talen Energy in the third quarter valued at about $214,000. Mount Yale Investment Advisors LLC acquired a new stake in Talen Energy in the third quarter worth about $361,000. Riggs Asset Managment Co. Inc. bought a new stake in Talen Energy during the 3rd quarter worth about $1,001,000. Finally, Roubaix Capital LLC bought a new stake in Talen Energy during the 3rd quarter worth about $11,234,000. 0.38% of the stock is owned by institutional investors.

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.