Talen Energy Corporation (NASDAQ:TLN) Receives $222.40 Average Target Price from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned an average rating of “Buy” from the ten research firms that are covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $225.10.

Several research analysts have issued reports on the stock. Jefferies Financial Group started coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target on the stock. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price on the stock. Barclays increased their price target on Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Finally, Guggenheim boosted their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th.

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the sale, the insider now owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talen Energy

A number of hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP bought a new stake in shares of Talen Energy during the third quarter worth $2,026,342,000. River Road Asset Management LLC bought a new stake in Talen Energy during the 3rd quarter worth about $277,653,000. Monarch Alternative Capital LP acquired a new stake in Talen Energy in the 3rd quarter valued at about $258,448,000. Mirabella Financial Services LLP bought a new position in shares of Talen Energy in the third quarter worth about $168,108,000. Finally, Sachem Head Capital Management LP acquired a new position in shares of Talen Energy during the third quarter worth approximately $167,724,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Up 1.6 %

Talen Energy stock opened at $215.59 on Wednesday. Talen Energy has a 52 week low of $60.51 and a 52 week high of $230.89. The stock has a market cap of $10.96 billion and a price-to-earnings ratio of 11.54. The company’s 50-day moving average price is $204.08 and its two-hundred day moving average price is $144.37. 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 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.