Barclays Lowers Talen Energy (NASDAQ:TLN) Price Target to $282.00

Talen Energy (NASDAQ:TLN) had its price objective dropped by equities research analysts at Barclays from $293.00 to $282.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 42.53% from the stock’s previous close.

TLN has been the subject of a number of other research reports. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating for the company. Daiwa Capital Markets began coverage on Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price for 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 research report on Monday, December 9th. Bank of America started coverage on Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 price target for the company. Finally, UBS Group increased their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy has an average rating of “Buy” and a consensus target price of $246.00.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $197.85 on Tuesday. 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 $10.06 billion, a P/E ratio of 10.59, a P/E/G ratio of 2.70 and a beta of 1.70. The business has a fifty day simple moving average of $222.79 and a two-hundred day simple moving average of $181.37. Talen Energy has a 12 month low of $83.14 and a 12 month high of $258.03.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the 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 completion of the sale, the insider now owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy during the third quarter valued at about $36,000. Allworth Financial LP grew its position in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy during the fourth quarter valued at about $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy during the fourth quarter valued at about $39,000. Finally, Empowered Funds LLC purchased a new position in shares of Talen Energy during the fourth quarter valued at about $42,000. 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.