UBS Group Forecasts Strong Price Appreciation for Talen Energy (NASDAQ:TLN) Stock

Talen Energy (NASDAQ:TLN) had its price target raised by research analysts at UBS Group from $242.00 to $269.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price indicates a potential upside of 24.77% from the stock’s previous close.

Other analysts have also issued research reports about the company. BWS Financial lifted their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target on the stock. Jefferies Financial Group started coverage on shares of Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective for the company. Daiwa Capital Markets began coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 target price on the stock. Finally, Barclays upped their target price on shares of Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $225.10.

Talen Energy Stock Up 1.6 %

Shares of TLN opened at $215.59 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a 50-day simple moving average of $204.08 and a 200-day simple moving average of $144.74. Talen Energy has a 52 week low of $60.51 and a 52 week high of $230.89. The firm has a market capitalization of $10.96 billion and a P/E ratio of 11.54.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $2,026,342,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy during the third quarter worth about $277,653,000. Monarch Alternative Capital LP bought a new position in Talen Energy in the third quarter valued at approximately $258,448,000. Mirabella Financial Services LLP acquired a new position in shares of Talen Energy in the third quarter valued at approximately $168,108,000. Finally, Sachem Head Capital Management LP bought a new stake in shares of Talen Energy during the third quarter worth $167,724,000. 0.38% of the stock is owned by institutional investors.

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.