Analysts Set Talen Energy Corporation (NASDAQ:TLN) Price Target at $222.40

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $225.10.

A number of brokerages recently weighed in on TLN. Guggenheim lifted their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Barclays boosted their price target on shares of Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price for the company. Finally, Daiwa Capital Markets initiated coverage on Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target on the stock.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Talen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy during the third quarter valued at $36,000. Spirit of America Management Corp NY purchased a new position in Talen Energy during the 3rd quarter valued at about $214,000. World Equity Group Inc. acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $237,000. Everence Capital Management Inc. purchased a new stake in shares of Talen Energy in the fourth quarter worth approximately $276,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Talen Energy during the third quarter worth approximately $257,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Stock Up 1.6 %

TLN opened at $215.59 on Wednesday. The stock’s 50 day moving average price is $204.08 and its 200 day moving average price is $145.10. 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 stock has a market cap of $10.96 billion and a P/E ratio of 11.54. Talen Energy has a 12 month low of $60.51 and a 12 month high of $230.89.

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.