Talen Energy Corporation (NASDAQ:TLN) Receives $247.10 Consensus Price Target from Brokerages

Talen Energy Corporation (NASDAQ:TLN) has received an average rating of “Buy” from the eleven research firms that are presently covering the company, Marketbeat reports. Eleven analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is $247.10.

A number of brokerages have issued reports on TLN. UBS Group upped their target price on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Bank of America began coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Daiwa Capital Markets started coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 target price for the company. Barclays increased their price objective on shares of Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, Evercore ISI initiated coverage on Talen Energy in a research report on Friday. They issued an “outperform” rating for the company.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $218.80 on Thursday. 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 12 month low of $67.55 and a 12 month high of $258.03. The stock has a market capitalization of $11.13 billion, a PE ratio of 11.71, a PEG ratio of 2.70 and a beta of 1.70. The firm has a 50 day moving average of $222.20 and a 200-day moving average of $176.32.

Insider Activity at Talen Energy

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 value of $999,988,155.45. Following the sale, the insider now directly owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Talen Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Formidable Asset Management LLC purchased a new stake in shares of Talen Energy during the 4th quarter valued at $202,000. Castleark Management LLC purchased a new stake in Talen Energy during the fourth quarter valued at about $1,106,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Talen Energy during the fourth quarter worth about $8,573,000. Voloridge Investment Management LLC purchased a new position in shares of Talen Energy in the 4th quarter worth about $954,000. Finally, Williams Jones Wealth Management LLC. increased its position in shares of Talen Energy by 34.6% during the 4th quarter. Williams Jones Wealth Management LLC. now owns 6,389 shares of the utilities provider’s stock valued at $1,287,000 after purchasing an additional 1,643 shares during the last quarter. 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.