Talen Energy Corporation (NASDAQ:TLN) Receives Average Recommendation of “Buy” from Analysts

Talen Energy Corporation (NASDAQ:TLN) has received an average recommendation of “Buy” from the eleven brokerages that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $247.10.

Several research firms have recently issued reports on TLN. UBS Group lifted their price target on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Barclays lifted their price objective on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Evercore ISI began coverage on Talen Energy in a research report on Friday. They set an “outperform” rating for the company. Finally, Daiwa Capital Markets began coverage on Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective for the company.

Talen Energy Trading Down 1.3 %

NASDAQ:TLN opened at $215.85 on Thursday. The company has a market capitalization of $10.98 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 2.70 and a beta of 1.70. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy has a 52-week low of $69.06 and a 52-week high of $258.03. The stock has a fifty day simple moving average of $222.33 and a 200-day simple moving average of $177.52.

Insider Buying and Selling at Talen Energy

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

Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TLN. Formidable Asset Management LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $202,000. Castleark Management LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $1,106,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $8,573,000. Voloridge Investment Management LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at about $954,000. Finally, Williams Jones Wealth Management LLC. lifted its stake in shares of Talen Energy by 34.6% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 6,389 shares of the utilities provider’s stock valued at $1,287,000 after purchasing an additional 1,643 shares in the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.