JPMorgan Chase & Co. Has Lowered Expectations for Talen Energy (NASDAQ:TLN) Stock Price

Talen Energy (NASDAQ:TLN) had its price target lowered by JPMorgan Chase & Co. from $295.00 to $265.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

A number of other research analysts also recently commented on the stock. Barclays dropped their price objective 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. Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research note on Wednesday, March 5th. Bank of America started coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Finally, Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy has a consensus rating of “Buy” and a consensus price target of $241.09.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $197.48 on Friday. The company has a market cap of $8.99 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.70 and a beta of 2.00. The business has a fifty day simple moving average of $217.31 and a 200-day simple moving average of $190.80. Talen Energy has a 52 week low of $98.50 and a 52 week 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.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in shares of Talen Energy during the third quarter valued at approximately $36,000. Allworth Financial LP increased its stake in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in Talen Energy in the 4th quarter worth $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy in the 4th quarter valued at about $39,000. Finally, Empowered Funds LLC acquired a new stake in shares of Talen Energy during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.