Talen Energy Corporation (NASDAQ:TLN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Talen Energy Corporation (NASDAQ:TLNGet Free Report) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $448.50.

A number of brokerages have recently weighed in on TLN. Morgan Stanley set a $498.00 price target on shares of Talen Energy in a research note on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. BNP Paribas Exane began coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th.

Read Our Latest Report on Talen Energy

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its stake in Talen Energy by 3.6% during the first quarter. Ritholtz Wealth Management now owns 1,045 shares of the utilities provider’s stock valued at $334,000 after purchasing an additional 36 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Talen Energy by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 36 shares during the period. Compound Planning Inc. raised its holdings in shares of Talen Energy by 4.7% during the fourth quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 38 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after acquiring an additional 39 shares during the period. Finally, Values First Advisors Inc. raised its holdings in shares of Talen Energy by 4.7% during the first quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 44 shares during the period. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Trading Up 9.5%

Shares of NASDAQ:TLN opened at $344.46 on Friday. The company has a 50 day moving average of $340.42 and a 200-day moving average of $359.53. The firm has a market cap of $15.64 billion, a P/E ratio of -514.11 and a beta of 1.90. Talen Energy has a twelve month low of $232.34 and a twelve month high of $451.28. The company has a current ratio of 1.25, a quick ratio of 1.05 and a debt-to-equity ratio of 6.32.

Talen Energy Company Profile

(Get Free Report)

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).

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Analyst Recommendations for Talen Energy (NASDAQ:TLN)

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