Talen Energy Corporation (NASDAQ:TLN) Receives $225.10 Average Target Price from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have received an average recommendation of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $229.90.

A number of equities analysts have commented on TLN shares. Oppenheimer boosted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Guggenheim increased their price target on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. started coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective on the stock. Barclays raised their target price on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research note on Monday. Finally, UBS Group upped their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd.

Insider Buying and Selling

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rubric Capital Management LP acquired a new stake in Talen Energy during the 3rd quarter valued at $2,026,342,000. River Road Asset Management LLC bought a new stake in shares of Talen Energy during the 3rd quarter worth about $277,653,000. Monarch Alternative Capital LP acquired a new position in Talen Energy in the 3rd quarter valued at about $258,448,000. Mirabella Financial Services LLP acquired a new stake in Talen Energy during the third quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP bought a new stake in shares of Talen Energy during the third quarter worth approximately $167,724,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Price Performance

NASDAQ:TLN opened at $204.42 on Friday. The company has a market capitalization of $10.39 billion and a price-to-earnings ratio of 10.94. The company has a 50-day moving average of $214.44 and a 200-day moving average of $160.40. Talen Energy has a 52 week low of $64.51 and a 52 week high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

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.