Oppenheimer Issues Positive Forecast for Talen Energy (NASDAQ:TLN) Stock Price

Talen Energy (NASDAQ:TLN) had its price objective increased by Oppenheimer from $225.00 to $250.00 in a report released on Monday,Benzinga reports. They currently have an outperform rating on the utilities provider’s stock.

A number of other analysts have also recently weighed in on the stock. Guggenheim boosted their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Barclays reduced 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 note on Monday, October 21st. Royal Bank of Canada started coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price on the stock. Finally, Jefferies Financial Group started coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy currently has an average rating of “Buy” and an average target price of $218.10.

Talen Energy Price Performance

Shares of Talen Energy stock opened at $208.68 on Monday. The firm has a fifty day simple moving average of $180.39 and a 200-day simple moving average of $129.70. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a 1-year low of $58.00 and a 1-year high of $230.89. The stock has a market capitalization of $10.61 billion and a price-to-earnings ratio of 11.17.

Institutional Investors Weigh In On Talen Energy

Several large investors have recently modified their holdings of the stock. Roubaix Capital LLC bought a new stake in shares of Talen Energy in the 3rd quarter worth about $11,234,000. Monarch Alternative Capital LP acquired a new position in Talen Energy in the third quarter valued at about $258,448,000. M&G PLC bought a new stake in Talen Energy during the third quarter worth about $14,797,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy during the third quarter worth approximately $277,653,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Talen Energy in the third quarter valued at approximately $1,411,000. 0.38% of the stock is currently 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.