Brokerages Set Talen Energy Corporation (NASDAQ:TLN) PT at $225.10

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given a consensus rating of “Buy” by the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have covered the stock in the last year is $229.90.

A number of research firms have recently commented on TLN. Barclays boosted their price target on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a report on Monday. Guggenheim boosted their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Daiwa Capital Markets began coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target on the stock. UBS Group upped their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock.

Talen Energy Stock Up 6.4 %

Shares of TLN opened at $204.42 on Friday. The firm has a 50 day simple moving average of $214.44 and a two-hundred day simple moving average of $160.40. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. Talen Energy has a one year low of $64.51 and a one year high of $258.03. The company has a market cap of $10.39 billion and a P/E ratio of 10.94.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors have recently modified their holdings of the company. Entropy Technologies LP bought a new stake in shares of Talen Energy during the 4th quarter valued at about $765,000. Empowered Funds LLC acquired a new position in Talen Energy in the fourth quarter valued at approximately $42,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Talen Energy by 68,428.6% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,797 shares of the utilities provider’s stock worth $966,000 after buying an additional 4,790 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Talen Energy during the 4th quarter worth approximately $940,000. Finally, Spirit of America Management Corp NY grew its position in shares of Talen Energy by 133.3% during the 4th quarter. Spirit of America Management Corp NY now owns 2,800 shares of the utilities provider’s stock worth $564,000 after buying an additional 1,600 shares during the period. 0.38% of the stock is owned by institutional investors.

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.