Talen Energy Corporation (NASDAQ:TLN) Receives $438.17 Average Price Target from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $438.1667.

A number of equities research analysts have commented on TLN shares. JPMorgan Chase & Co. cut their target price 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 lowered their price target on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a report on Wednesday, February 11th. BNP Paribas Exane assumed coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target on the stock. Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Finally, Morgan Stanley set a $474.00 target price on Talen Energy in a report on Friday, February 20th.

Institutional Investors Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi purchased a new position in shares of Talen Energy in the first quarter worth approximately $299,000. AQR Capital Management LLC purchased a new stake in Talen Energy during the first quarter valued at approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Talen Energy by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after acquiring an additional 761 shares during the period. NewEdge Advisors LLC raised its position in Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after acquiring an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Talen Energy by 15.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after acquiring an additional 6,498 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

TLN opened at $324.54 on Friday. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of -65.70, a PEG ratio of 0.45 and a beta of 1.94. The firm has a 50 day moving average price of $348.87 and a 200-day moving average price of $376.42. Talen Energy has a twelve month low of $162.31 and a twelve month high of $451.28. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20.

Talen Energy Company Profile

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).