Talen Energy (NASDAQ:TLN) PT Lowered to $202.00 at Barclays

Talen Energy (NASDAQ:TLN) had its price target reduced by equities researchers at Barclays from $207.00 to $202.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price points to a potential upside of 15.09% from the stock’s previous close.

Several other brokerages have also weighed in on TLN. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research report on Thursday. They issued an “overweight” rating and a $268.00 target price on the stock. BWS Financial lifted their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Oppenheimer upped their target price on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. UBS Group started coverage on Talen Energy in a report on Wednesday, September 18th. They set a “buy” rating and a $197.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective for the company. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has an average rating of “Buy” and an average price target of $205.33.

Talen Energy Price Performance

NASDAQ TLN opened at $175.51 on Monday. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. Talen Energy has a one year low of $51.81 and a one year high of $197.61. The company has a 50-day simple moving average of $119.92 and a 200-day simple moving average of $96.84.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. The company had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. Equities analysts forecast that Talen Energy will post 13.78 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Talen Energy stock. Shikiar Asset Management Inc. purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,500 shares of the utilities provider’s stock, valued at approximately $278,000. 0.38% of the stock is currently owned by institutional investors.

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.