Talen Energy (NASDAQ:TLN) Coverage Initiated at Morgan Stanley

Equities researchers at Morgan Stanley initiated coverage on shares of Talen Energy (NASDAQ:TLN) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage set an “overweight” rating and a $243.00 price target on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 24.49% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. UBS Group increased their price target on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Finally, Oppenheimer increased their price objective on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $241.36.

Talen Energy Price Performance

TLN opened at $195.20 on Wednesday. The stock’s 50-day moving average price is $220.35 and its 200 day moving average price is $183.69. Talen Energy has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.70 and a beta of 2.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TLN. BNP Paribas Financial Markets purchased a new position in Talen Energy during the 3rd quarter worth approximately $36,000. Allworth Financial LP lifted its position in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new stake in Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy during the 4th quarter worth approximately $39,000. Finally, Empowered Funds LLC acquired a new stake in Talen Energy during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

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.