Talen Energy (NASDAQ:TLN) Now Covered by Analysts at Daiwa Capital Markets

Daiwa Capital Markets initiated coverage on shares of Talen Energy (NASDAQ:TLN) in a research report sent to investors on Wednesday, MarketBeat Ratings reports. The firm issued a buy rating and a $248.00 price target on the utilities provider’s stock.

TLN has been the topic of a number of other research reports. UBS Group boosted their target price on shares of Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada initiated coverage on shares of Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective on the stock. Barclays lowered their price objective on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. Finally, Guggenheim upped their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy has an average rating of “Buy” and an average price target of $214.10.

Talen Energy Stock Up 4.3 %

Talen Energy stock opened at $221.71 on Wednesday. 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 12-month low of $56.16 and a 12-month high of $224.78. The firm’s fifty day moving average is $174.81 and its 200 day moving average is $126.36. The company has a market capitalization of $11.27 billion and a PE ratio of 11.87.

Institutional Trading of Talen Energy

Several institutional investors have recently made changes to their positions in the company. Roubaix Capital LLC bought a new position in Talen Energy during the third quarter valued at about $11,234,000. M&G PLC bought a new position in Talen Energy during the third quarter worth about $14,797,000. River Road Asset Management LLC bought a new position in Talen Energy during the third quarter worth about $277,653,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Talen Energy in the third quarter worth about $1,411,000. Finally, Monarch Alternative Capital LP purchased a new stake in shares of Talen Energy in the third quarter worth about $258,448,000. 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.