Talen Energy (NASDAQ:TLN) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI began coverage on shares of Talen Energy (NASDAQ:TLN) in a research report released on Friday morning, MarketBeat.com reports. The firm issued an outperform rating on the utilities provider’s stock.

Other research analysts have also issued reports about the company. Oppenheimer boosted 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. UBS Group boosted 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. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 target price on the stock. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price on the stock. Finally, Barclays boosted their target price on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Eleven analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $247.10.

Talen Energy Stock Down 7.5 %

TLN stock opened at $218.80 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The firm 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. Talen Energy has a 1-year low of $67.55 and a 1-year high of $258.03. The business’s 50 day simple moving average is $222.20 and its 200 day simple moving average is $176.78.

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. increased its position in shares of Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 61 shares during the period. Allworth Financial LP increased its position in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in Talen Energy in the fourth quarter valued at about $37,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy in the fourth quarter valued at about $39,000. Finally, BNP Paribas Financial Markets acquired a new stake in Talen Energy in the third quarter valued at about $36,000. 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.