Talen Energy (NASDAQ:TLN) Stock Price Expected to Rise, UBS Group Analyst Says

Talen Energy (NASDAQ:TLN) had its price objective hoisted by UBS Group from $197.00 to $242.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

TLN has been the topic of several other research reports. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Barclays cut their target price on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Guggenheim boosted their price target on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BWS Financial increased their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Oppenheimer upped their target price on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $210.33.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $200.43 on Friday. The company has a market capitalization of $10.22 billion and a PE ratio of 10.73. The business has a fifty day moving average price of $149.91 and a 200-day moving average price of $113.79. Talen Energy has a 1-year low of $53.03 and a 1-year high of $217.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86.

Hedge Funds Weigh In On Talen Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Shikiar Asset Management Inc. bought a new position in Talen Energy in the second quarter worth approximately $278,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy in the 3rd quarter worth $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Talen Energy in the 3rd quarter worth $7,967,000. Guidance Capital Inc. purchased a new position in Talen Energy during the third quarter valued at $348,000. Finally, Mcdaniel Terry & Co. bought a new stake in Talen Energy during the third quarter valued at about $371,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.