JPMorgan Chase & Co. Lowers Talen Energy (NASDAQ:TLN) Price Target to $265.00

Talen Energy (NASDAQ:TLN) had its price objective reduced by JPMorgan Chase & Co. from $295.00 to $265.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 34.19% from the company’s current price.

TLN has been the topic of a number of other research reports. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Bank of America initiated coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Finally, Oppenheimer increased their price target 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. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Buy” and a consensus target price of $241.09.

Talen Energy Stock Down 2.6 %

TLN opened at $197.48 on Friday. The company has a market capitalization of $8.99 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The firm has a 50-day simple moving average of $217.31 and a two-hundred day simple moving average of $191.31. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy has a 52 week low of $98.50 and a 52 week high of $258.03.

Institutional Trading of Talen Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of TLN. Fulcrum Equity Management bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $236,000. California State Teachers Retirement System bought a new stake in Talen Energy during the 4th quarter valued at $6,200,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Talen Energy in the 4th quarter worth $541,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Talen Energy during the 4th quarter worth $272,000. Finally, Formidable Asset Management LLC purchased a new position in shares of Talen Energy during the fourth quarter valued at $202,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

About Talen Energy

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.