Talen Energy (NASDAQ:TLN) Stock Price Expected to Rise, UBS Group Analyst Says

Talen Energy (NASDAQ:TLN) had its price target increased by UBS Group from $197.00 to $242.00 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the utilities provider’s stock.

A number of other equities analysts also recently issued reports on TLN. Guggenheim increased their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Barclays lowered their target price on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Jefferies Financial Group started coverage on Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 price target on the stock. Finally, Oppenheimer increased their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and a consensus price target of $210.33.

Talen Energy Stock Up 3.5 %

Shares of NASDAQ:TLN opened at $207.49 on Friday. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. The company has a market cap of $10.58 billion and a price-to-earnings ratio of 11.11. Talen Energy has a fifty-two week low of $53.36 and a fifty-two week high of $217.79. The firm’s 50-day simple moving average is $151.68 and its 200-day simple moving average is $114.75.

Institutional Trading of Talen Energy

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in shares of Talen Energy during the third quarter valued at about $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy during the 3rd quarter valued at about $214,000. World Equity Group Inc. acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $237,000. Point72 Hong Kong Ltd acquired a new stake in Talen Energy in the 3rd quarter valued at approximately $257,000. Finally, Shikiar Asset Management Inc. acquired a new position in shares of Talen Energy during the second quarter valued at $278,000. 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.