Talen Energy Corporation (NASDAQ:TLN) Receives Consensus Rating of “Buy” from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $241.36.

Several research firms recently weighed in on TLN. Barclays decreased their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Oppenheimer increased their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Evercore ISI started coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, UBS Group increased their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd.

Institutional Trading of Talen Energy

Institutional investors have recently made changes to their positions in 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 lifted its stake in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp purchased a new stake in Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy in the fourth quarter worth $39,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy in the fourth quarter worth $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Up 5.0 %

TLN stock opened at $204.93 on Monday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $219.80 and its 200 day moving average is $185.40. The stock 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 1-year low of $98.50 and a 1-year high of $258.03.

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.