Talen Energy (NASDAQ:TLN) Given New $202.00 Price Target at Barclays

Talen Energy (NASDAQ:TLN) had its price target lowered by Barclays from $207.00 to $202.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

A number of other brokerages have also recently issued reports on TLN. UBS Group initiated coverage on Talen Energy in a report on Wednesday, September 18th. They set a “buy” rating and a $197.00 target price for the company. Guggenheim increased their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their target price on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Jefferies Financial Group began coverage on Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. Finally, Royal Bank of Canada started 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $205.33.

Talen Energy Stock Up 3.0 %

Talen Energy stock opened at $179.18 on Monday. The stock has a fifty day moving average price of $121.19 and a 200 day moving average price of $97.62. Talen Energy has a 52 week low of $51.81 and a 52 week high of $197.61. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02.

Talen Energy (NASDAQ:TLN) last posted its quarterly 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. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The company had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. As a group, analysts expect that Talen Energy will post 13.78 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Talen Energy stock. Allspring Global Investments Holdings LLC purchased a new position in Talen Energy Corporation (NASDAQ:TLN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 165,305 shares of the utilities provider’s stock, valued at approximately $29,464,000. Allspring Global Investments Holdings LLC owned approximately 0.33% of Talen Energy as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds 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.