Talen Energy (NASDAQ:TLN) Research Coverage Started at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Talen Energy (NASDAQ:TLN) in a report published on Thursday, Marketbeat.com reports. The brokerage issued an overweight rating and a $268.00 target price on the utilities provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Barclays boosted their price target on Talen Energy from $178.00 to $207.00 and gave the company an “overweight” rating in a report on Tuesday, September 17th. Guggenheim boosted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Oppenheimer raised their price target on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Finally, Royal Bank of Canada started coverage on shares of Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $205.89.

Talen Energy Stock Performance

TLN opened at $173.97 on Thursday. The company has a 50-day moving average of $119.92 and a 200-day moving average of $96.62. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. Talen Energy has a 1-year low of $51.81 and a 1-year high of $197.61.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The business had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. As a group, analysts forecast that Talen Energy will post 13.78 EPS for the current year.

Institutional Trading of Talen Energy

A hedge fund recently bought a new stake in Talen Energy stock. Shikiar Asset Management Inc. bought a new position in Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,500 shares of the utilities provider’s stock, valued at approximately $278,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Company Profile

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.