Talen Energy Corporation (NASDAQ:TLN) Receives $205.33 Average Target Price from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $205.33.

A number of brokerages recently weighed in on TLN. Royal Bank of Canada began coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Oppenheimer upped their price target on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Guggenheim upped their price objective 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. UBS Group assumed coverage on shares of Talen Energy in a research report on Wednesday, September 18th. They issued a “buy” rating and a $197.00 price objective for the company. Finally, Barclays decreased their price objective on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st.

Talen Energy Stock Down 1.6 %

Shares of NASDAQ TLN opened at $203.24 on Tuesday. Talen Energy has a 52-week low of $53.03 and a 52-week high of $217.79. The firm has a fifty day moving average of $148.25 and a 200-day moving average of $112.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86.

Talen Energy (NASDAQ:TLN) last announced its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $437.50 million. On average, sell-side analysts predict that Talen Energy will post 14.66 EPS for the current year.

Institutional Trading of Talen Energy

A number of large investors have recently added to or reduced their stakes in TLN. JAT Capital Mgmt LP purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $2,513,000. Fred Alger Management LLC purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $67,284,000. Corsair Capital Management L.P. purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $920,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $543,000. Finally, Rubric Capital Management LP purchased a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $2,026,342,000. 0.38% of the stock is currently owned by institutional investors.

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.