Brokerages Set Talen Energy Corporation (NASDAQ:TLN) Target Price at $438.17
by Kim Johansen · The Markets DailyShares of Talen Energy Corporation (NASDAQ:TLN – Get Free Report) have been given a consensus rating of “Moderate Buy” by the fifteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $438.1667.
Several equities analysts recently issued reports on the company. Morgan Stanley set a $474.00 price objective on Talen Energy in a report on Friday, February 20th. JPMorgan Chase & Co. dropped their price target on Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research report on Thursday, March 19th. BNP Paribas Exane initiated coverage on Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 price target for the company. Barclays decreased their price objective on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, Weiss Ratings cut shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th.
Check Out Our Latest Research Report on Talen Energy
Talen Energy Price Performance
TLN stock opened at $327.58 on Friday. The firm has a 50 day moving average of $344.98 and a 200-day moving average of $374.55. The company has a market cap of $14.87 billion, a price-to-earnings ratio of -66.31, a PEG ratio of 0.46 and a beta of 2.15. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. Talen Energy has a 12-month low of $162.31 and a 12-month high of $451.28.
Institutional Investors Weigh In On Talen Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Purpose Unlimited Inc. purchased a new stake in shares of Talen Energy in the fourth quarter valued at $7,598,000. Hsbc Holdings PLC boosted its stake in shares of Talen Energy by 2,452.5% during the 4th quarter. Hsbc Holdings PLC now owns 24,249 shares of the utilities provider’s stock worth $9,192,000 after purchasing an additional 23,299 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Talen Energy by 9.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 8,243 shares of the utilities provider’s stock worth $3,090,000 after buying an additional 689 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Talen Energy during the fourth quarter worth about $9,830,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Talen Energy by 1,825.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 154 shares of the utilities provider’s stock valued at $58,000 after buying an additional 146 shares during the last quarter. Hedge funds and other institutional investors own 0.38% of the company’s stock.
About Talen Energy
Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.
Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).