Talen Energy (NASDAQ:TLN) Price Target Raised to $245.00

Talen Energy (NASDAQ:TLN) had its price target lifted by Barclays from $202.00 to $245.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

A number of other analysts have also weighed in on TLN. Guggenheim upped their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group began coverage on Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. JPMorgan Chase & Co. started coverage on Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. Royal Bank of Canada began coverage on shares of Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price for the company. Finally, Oppenheimer raised their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $222.40.

Talen Energy Price Performance

Shares of TLN stock opened at $207.46 on Friday. The company has a market capitalization of $10.55 billion and a P/E ratio of 11.11. The company’s 50-day simple moving average is $187.01 and its two-hundred day simple moving average is $133.10. Talen Energy has a one year low of $58.28 and a one year high of $230.89. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Hedge Funds Weigh In On Talen Energy

Several large investors have recently made changes to their positions in TLN. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy in the third quarter worth $36,000. Spirit of America Management Corp NY purchased a new position in Talen Energy in the third quarter valued at $214,000. World Equity Group Inc. acquired a new position in Talen Energy during the 3rd quarter worth $237,000. Point72 Hong Kong Ltd purchased a new stake in Talen Energy during the 3rd quarter worth about $257,000. Finally, Tidal Investments LLC acquired a new stake in Talen Energy in the 3rd quarter valued at about $304,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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.