Talen Energy Corporation (NASDAQ:TLN) Receives $205.33 Average Price Target from Analysts

Talen Energy Corporation (NASDAQ:TLN) has been given an average recommendation of “Buy” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have covered the stock in the last year is $210.33.

Several brokerages recently weighed in on TLN. 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. Barclays dropped their price target on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. BWS Financial increased their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Royal Bank of Canada started coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 target price on the stock. Finally, Oppenheimer raised their price target on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th.

Institutional Trading of Talen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new position in shares of Talen Energy during the 3rd quarter valued at about $100,317,000. First Sabrepoint Capital Management LP acquired a new stake in Talen Energy during the third quarter worth about $6,238,000. K2 Principal Fund L.P. acquired a new position in shares of Talen Energy in the 3rd quarter valued at $5,220,000. Orion Portfolio Solutions LLC acquired a new stake in Talen Energy during the third quarter valued at $1,714,000. Finally, XTX Topco Ltd purchased a new stake in shares of Talen Energy during the 3rd quarter worth about $520,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

NASDAQ TLN opened at $200.43 on Tuesday. The firm’s fifty day simple moving average is $149.91 and its two-hundred day simple moving average is $113.48. The firm has a market capitalization of $10.22 billion and a P/E ratio of 10.73. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. Talen Energy has a 12-month low of $53.03 and a 12-month high of $217.79.

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.