Talen Energy (NASDAQ:TLN) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Talen Energy (NASDAQ:TLN) in a research report report published on Thursday, MarketBeat Ratings reports. The firm issued an overweight rating and a $268.00 price objective on the utilities provider’s stock.

Other research analysts also recently issued research reports about the stock. Guggenheim boosted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group initiated coverage on shares of Talen Energy in a report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective on the stock. Barclays raised their target price on Talen Energy from $178.00 to $207.00 and gave the company an “overweight” rating in a research note on Tuesday, September 17th. Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Finally, BWS Financial raised their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of “Buy” and an average price target of $205.89.

Talen Energy Stock Up 1.3 %

TLN stock opened at $173.97 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The stock has a 50-day moving average price of $119.92 and a 200-day moving average price of $96.40. Talen Energy has a 1-year low of $51.81 and a 1-year high of $197.61.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. The business had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. Equities research analysts expect that Talen Energy will post 13.78 earnings per share for the current year.

Institutional Trading of Talen Energy

An institutional investor recently bought a new position in Talen Energy stock. Shikiar Asset Management Inc. purchased a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,500 shares of the utilities provider’s stock, valued at approximately $278,000. 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.