Talen Energy (NASDAQ:TLN) Price Target Raised to $366.00 at UBS Group

by · The Cerbat Gem

Talen Energy (NASDAQ:TLN – Free Report) had its target price lifted by UBS Group from $296.00 to $366.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the utilities provider’s stock.

TLN has been the topic of several other research reports. JPMorgan Chase & Co. reduced their target price on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Susquehanna reaffirmed an “overweight” rating on shares of Talen Energy in a research note on Thursday, June 12th. Wall Street Zen downgraded Talen Energy from a “hold” rating to a “sell” rating in a report on Sunday, June 22nd. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research note on Wednesday, March 5th. Finally, Raymond James Financial assumed coverage on Talen Energy in a report on Friday, June 13th. They set an “outperform” rating and a $314.00 target price for the company. One equities research analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $255.25.

Read Our Latest Stock Report on TLN

Talen Energy Stock Performance

NASDAQ:TLN opened at $297.88 on Friday. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 7.15 and a beta of 1.79. The business has a 50 day moving average of $247.98 and a 200 day moving average of $224.36. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. Talen Energy has a 1-year low of $98.50 and a 1-year high of $300.00.

Talen Energy (NASDAQ:TLN – Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). The business had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $556.93 million. Talen Energy had a return on equity of 11.47% and a net margin of 28.51%. On average, sell-side analysts predict that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the transaction, the insider now directly owns 5,734,970 shares of the company’s stock, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 388,530 shares of company stock valued at $114,090,933 over the last ninety days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its position in shares of Talen Energy by 4.4% during the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider’s stock valued at $263,000 after buying an additional 55 shares during the period. IFP Advisors Inc grew its holdings in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 56 shares during the period. Knights of Columbus Asset Advisors LLC grew its holdings in shares of Talen Energy by 2.7% during the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider’s stock worth $678,000 after acquiring an additional 88 shares during the period. Signaturefd LLC raised its position in shares of Talen Energy by 310.0% in the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 111 shares during the period. 0.38% of the stock is currently owned by institutional investors.

About Talen Energy

(Get Free Report)

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.

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