Talen Energy (NASDAQ:TLN) Now Covered by Daiwa Capital Markets

Analysts at Daiwa Capital Markets assumed coverage on shares of Talen Energy (NASDAQ:TLN) in a note issued to investors on Wednesday, MarketBeat.com reports. The firm set a “buy” rating and a $248.00 price target on the utilities provider’s stock. Daiwa Capital Markets’ price objective suggests a potential upside of 10.94% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Guggenheim lifted their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group assumed coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective on the stock. Royal Bank of Canada began coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price on the stock. Finally, Barclays cut their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $214.10.

Talen Energy Price Performance

Shares of TLN opened at $223.54 on Wednesday. The company has a market capitalization of $11.37 billion and a price-to-earnings ratio of 11.97. Talen Energy has a fifty-two week low of $57.01 and a fifty-two week high of $228.99. The firm has a 50-day simple moving average of $176.79 and a 200-day simple moving average of $127.01. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Institutional Investors Weigh In On Talen Energy

A number of large investors have recently bought and sold shares of the stock. Roubaix Capital LLC purchased a new stake in Talen Energy in the 3rd quarter worth approximately $11,234,000. Monarch Alternative Capital LP purchased a new position in Talen Energy during the third quarter worth about $258,448,000. M&G PLC acquired a new stake in Talen Energy in the 3rd quarter worth about $14,797,000. River Road Asset Management LLC purchased a new stake in Talen Energy in the 3rd quarter valued at about $277,653,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $1,411,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

About Talen Energy

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.