Talen Energy (NASDAQ:TLN) Price Target Raised to $293.00

Talen Energy (NASDAQ:TLN) had its target price upped by Barclays from $245.00 to $293.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

A number of other brokerages have also weighed in on TLN. Guggenheim lifted their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Daiwa Capital Markets began coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective for the company. 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 target for the company. Finally, UBS Group raised their price objective on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Ten research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $229.90.

Talen Energy Stock Performance

Talen Energy stock opened at $214.00 on Monday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $10.88 billion and a P/E ratio of 11.46. The stock has a fifty day moving average price of $214.60 and a 200 day moving average price of $160.76. Talen Energy has a 52 week low of $64.51 and a 52 week high of $258.03.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Trading of Talen Energy

A number of hedge funds and other institutional investors have recently modified their holdings of TLN. BNP Paribas Financial Markets acquired a new stake in shares of Talen Energy during the third quarter worth $36,000. Geneos Wealth Management Inc. acquired a new stake in Talen Energy during the 4th quarter worth about $39,000. Empowered Funds LLC acquired a new position in shares of Talen Energy in the fourth quarter worth about $42,000. SG Americas Securities LLC purchased a new position in shares of Talen Energy in the fourth quarter worth approximately $152,000. Finally, Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy during the third quarter valued at approximately $214,000. Institutional investors 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.