Talen Energy Corporation (NASDAQ:TLN) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average rating of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $240.18.

TLN has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Evercore ISI began coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating on the stock. Morgan Stanley initiated coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price for the company. Finally, Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th.

Hedge Funds Weigh In On Talen Energy

Several large investors have recently made changes to their positions in TLN. William Blair Investment Management LLC bought a new position in Talen Energy in the 4th quarter worth approximately $239,984,000. Fred Alger Management LLC increased its position in Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock worth $192,353,000 after acquiring an additional 577,257 shares during the period. Geode Capital Management LLC acquired a new position in Talen Energy during the 3rd quarter valued at $100,317,000. Pictet Asset Management Holding SA bought a new stake in Talen Energy in the 4th quarter valued at $101,931,000. Finally, Clearbridge Investments LLC acquired a new stake in Talen Energy in the 4th quarter worth $88,065,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Up 0.1 %

Shares of NASDAQ:TLN opened at $203.46 on Friday. Talen Energy has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $9.26 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The firm has a fifty day moving average of $206.21 and a two-hundred day moving average of $198.81.

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.