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

Talen Energy (NASDAQ:TLN) had its price objective upped by UBS Group from $242.00 to $269.00 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the utilities provider’s stock.

A number of other equities research analysts also recently commented on TLN. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Oppenheimer boosted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Barclays increased their target price on shares of Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Guggenheim boosted their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada began coverage on shares of Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective on the stock. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $225.10.

Talen Energy Stock Performance

NASDAQ TLN opened at $215.59 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock’s fifty day moving average is $204.08 and its two-hundred day moving average is $144.37. The firm has a market capitalization of $10.96 billion and a P/E ratio of 11.54. Talen Energy has a fifty-two week low of $60.51 and a fifty-two week high of $230.89.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction on 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 transaction, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Talen Energy

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy during the 3rd quarter worth approximately $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy during the third quarter worth $214,000. World Equity Group Inc. purchased a new position in Talen Energy in the third quarter worth $237,000. Point72 Hong Kong Ltd purchased a new position in Talen Energy in the third quarter worth $257,000. Finally, Everence Capital Management Inc. acquired a new stake in Talen Energy in the fourth quarter valued at $276,000. Hedge funds and other 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.