Talen Energy Corporation (NASDAQ:TLN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the firm, Marketbeat reports. Ten investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $229.90.

A number of analysts have recently weighed in on TLN shares. Barclays upped their price target on shares of Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research note on Monday. Guggenheim increased their price target on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. UBS Group lifted their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Finally, Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th.

Insider Activity

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the sale, the insider now owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Talen Energy during the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in Talen Energy during the third quarter worth $7,967,000. Guidance Capital Inc. bought a new stake in Talen Energy in the 3rd quarter valued at $348,000. Mcdaniel Terry & Co. acquired a new position in shares of Talen Energy in the 3rd quarter valued at $371,000. Finally, Spirit of America Management Corp NY bought a new position in shares of Talen Energy during the 3rd quarter worth about $214,000. Institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ TLN opened at $224.95 on Friday. The company has a 50-day moving average price of $214.70 and a two-hundred day moving average price of $161.20. The stock has a market cap of $11.44 billion and a price-to-earnings ratio of 12.04. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a 52 week low of $64.51 and a 52 week high of $258.03.

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.