Analysts Set Talen Energy Corporation (NASDAQ:TLN) Price Target at $413.25

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $413.25.

Several brokerages recently weighed in on TLN. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. Morgan Stanley lifted their target price on shares of Talen Energy from $443.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Barclays boosted their price target on shares of Talen Energy from $439.00 to $457.00 and gave the company an “overweight” rating in a research report on Friday, January 9th. Wells Fargo & Company raised their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Talen Energy from $432.00 to $442.00 and gave the company an “overweight” rating in a report on Monday, October 20th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Investment Management Company LLC raised its position in shares of Talen Energy by 0.4% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock worth $3,832,000 after buying an additional 39 shares in the last quarter. Berbice Capital Management LLC increased its stake in Talen Energy by 19.1% in the 4th quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock worth $105,000 after acquiring an additional 45 shares during the last quarter. Red Door Wealth Management LLC raised its holdings in shares of Talen Energy by 2.2% in the 4th quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock valued at $821,000 after acquiring an additional 47 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Talen Energy by 13.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 475 shares of the utilities provider’s stock valued at $178,000 after acquiring an additional 55 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Talen Energy by 3.5% during the fourth quarter. CWM LLC now owns 1,680 shares of the utilities provider’s stock worth $630,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

Talen Energy stock opened at $353.66 on Thursday. The business’s 50 day simple moving average is $366.54 and its 200 day simple moving average is $383.33. Talen Energy has a 12 month low of $158.08 and a 12 month high of $451.28. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 76.55, a PEG ratio of 0.52 and a beta of 1.99. The company has a current ratio of 2.29, a quick ratio of 1.72 and a debt-to-equity ratio of 2.02.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).