Talen Energy (NASDAQ:TLN – Get Free Report) had its price objective raised by stock analysts at Barclays from $245.00 to $293.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would indicate a potential upside of 43.33% from the company’s current price.
Several other equities research analysts have also recently weighed in on the stock. Daiwa Capital Markets started coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target on the stock. UBS Group lifted their price target on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Guggenheim boosted their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Oppenheimer increased their price target on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $229.90.
Get Our Latest Research Report on Talen Energy
Talen Energy Stock Up 6.4 %
Insider Activity
In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.
Institutional Trading of Talen Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new position in Talen Energy during the third quarter worth $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Talen Energy during the 3rd quarter valued at $7,967,000. Guidance Capital Inc. purchased a new position in Talen Energy during the third quarter worth about $348,000. Mcdaniel Terry & Co. purchased a new stake in Talen Energy in the 3rd quarter valued at about $371,000. Finally, Spirit of America Management Corp NY bought a new position in shares of Talen Energy in the third quarter valued at approximately $214,000. 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.
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