Brokerages Set Talen Energy Corporation (NASDAQ:TLN) Price Target at $448.25

Shares of Talen Energy Corporation (NASDAQ:TLN) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $448.5833.

TLN has been the subject of several recent research reports. Raymond James Financial restated an “outperform” rating and issued a $457.00 price target on shares of Talen Energy in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. Barclays upped their price target on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $499.00 price objective on shares of Talen Energy in a research note on Thursday.

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Talen Energy in the 4th quarter valued at $27,000. Assetmark Inc. boosted its stake in shares of Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Talen Energy in the 3rd quarter valued at $34,000. Advisory Services Network LLC bought a new stake in shares of Talen Energy in the 3rd quarter valued at $35,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Talen Energy by 1,500.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Trading Up 3.3%

Shares of NASDAQ TLN opened at $372.45 on Friday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. Talen Energy has a 52-week low of $237.35 and a 52-week high of $451.28. The firm has a 50 day moving average price of $342.12 and a two-hundred day moving average price of $359.35. The stock has a market cap of $16.91 billion, a P/E ratio of -555.89 and a beta of 1.90.

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).