Talen Energy (NASDAQ:TLN) Price Target Raised to $245.00

Talen Energy (NASDAQ:TLN) had its price target hoisted by Barclays from $202.00 to $245.00 in a research report released on Friday,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

TLN has been the subject of several other research reports. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price target for the company. BWS Financial upped their target price on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a report on Friday, September 6th. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price for the company. Oppenheimer boosted their price target on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Finally, Guggenheim increased their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $222.40.

Talen Energy Trading Down 0.9 %

NASDAQ TLN opened at $207.46 on Friday. The firm’s fifty day moving average price is $187.01 and its 200 day moving average price is $133.10. Talen Energy has a 12 month low of $58.28 and a 12 month high of $230.89. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market capitalization of $10.55 billion and a price-to-earnings ratio of 11.11.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TLN. Rubric Capital Management LP bought a new position in shares of Talen Energy during the third quarter worth about $2,026,342,000. River Road Asset Management LLC acquired a new stake in Talen Energy during the third quarter valued at approximately $277,653,000. Monarch Alternative Capital LP bought a new position in Talen Energy during the 3rd quarter worth approximately $258,448,000. Mirabella Financial Services LLP acquired a new position in shares of Talen Energy in the 3rd quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP bought a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $167,724,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

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.