Talen Energy (NASDAQ:TLN) Research Coverage Started at Morgan Stanley

Morgan Stanley started coverage on shares of Talen Energy (NASDAQ:TLN) in a research report sent to investors on Wednesday, Marketbeat reports. The firm issued an overweight rating and a $243.00 price target on the utilities provider’s stock.

Several other brokerages also recently weighed in on TLN. Evercore ISI assumed coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Barclays lowered their target price on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research note on Tuesday, March 4th. Oppenheimer lifted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, UBS Group lifted their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of “Buy” and an average price target of $241.36.

Talen Energy Price Performance

Shares of TLN opened at $204.93 on Wednesday. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. Talen Energy has a twelve month low of $98.50 and a twelve month high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $220.01 and a two-hundred day moving average of $183.77.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Allworth Financial LP raised its holdings in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy in the fourth quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy in the fourth quarter valued at $39,000. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the third quarter worth about $36,000. Finally, Empowered Funds LLC acquired a new position in shares of Talen Energy in the fourth quarter worth about $42,000. Hedge funds and other 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.