Barclays Cuts Talen Energy (NASDAQ:TLN) Price Target to $202.00

Talen Energy (NASDAQ:TLN) had its price objective dropped by analysts at Barclays from $207.00 to $202.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would suggest a potential upside of 11.60% from the stock’s previous close.

TLN has been the topic of several other research reports. Jefferies Financial Group started coverage on Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. BWS Financial upped their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Guggenheim lifted their target price 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. Finally, Royal Bank of Canada started coverage on Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $205.33.

Talen Energy Stock Performance

Talen Energy stock opened at $181.00 on Monday. Talen Energy has a 52 week low of $51.81 and a 52 week high of $197.61. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. The company has a 50 day moving average price of $122.51 and a 200 day moving average price of $98.42.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping the consensus estimate of ($1.14) by $1.33. The business had revenue of $489.00 million during the quarter, compared to analysts’ expectations of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. On average, equities analysts forecast that Talen Energy will post 13.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TLN. Guidance Capital Inc. bought a new stake in Talen Energy during the 3rd quarter valued at approximately $348,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Talen Energy during the third quarter worth approximately $7,967,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Talen Energy in the third quarter valued at approximately $29,464,000. Finally, Shikiar Asset Management Inc. acquired a new stake in shares of Talen Energy in the second quarter worth $278,000. 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.