Talen Energy Corporation (NASDAQ:TLN) Receives $241.36 Average PT from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Buy” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $241.36.

A number of equities analysts have recently commented on the company. UBS Group boosted their price objective on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Oppenheimer boosted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Bank of America initiated coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Finally, Evercore ISI initiated coverage on Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company.

Hedge Funds Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently bought and sold shares of TLN. California State Teachers Retirement System acquired a new position in shares of Talen Energy during the 4th quarter worth $6,200,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Talen Energy during the fourth quarter worth about $541,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Talen Energy during the 4th quarter worth approximately $272,000. Formidable Asset Management LLC acquired a new position in shares of Talen Energy during the 4th quarter worth approximately $202,000. Finally, Castleark Management LLC acquired a new position in shares of Talen Energy during the 4th quarter worth approximately $1,106,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Trading Up 3.7 %

TLN opened at $210.30 on Monday. Talen Energy has a 12 month low of $98.50 and a 12 month high of $258.03. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The business has a fifty day moving average price of $219.27 and a 200 day moving average price of $186.84.

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.