Talen Energy (NASDAQ:TLN) Stock Price Expected to Rise, UBS Group Analyst Says

Talen Energy (NASDAQ:TLN) had its target price lifted by investment analysts at UBS Group from $197.00 to $242.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the utilities provider’s stock. UBS Group’s price objective points to a potential upside of 22.28% from the company’s previous close.

Several other equities research analysts also recently commented on TLN. Royal Bank of Canada started coverage on Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price on the stock. Jefferies Financial Group began coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 target price for the company. BWS Financial raised their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Barclays reduced their price target on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Oppenheimer boosted their price objective on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has a consensus rating of “Buy” and a consensus target price of $210.33.

Talen Energy Trading Down 2.6 %

Shares of NASDAQ:TLN traded down $5.34 during midday trading on Friday, reaching $197.90. The company’s stock had a trading volume of 120,894 shares, compared to its average volume of 658,362. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average of $148.25 and a 200-day moving average of $112.27. Talen Energy has a 12-month low of $53.03 and a 12-month high of $217.79.

Talen Energy (NASDAQ:TLN) last announced its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The business had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. As a group, analysts predict that Talen Energy will post 14.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

Several hedge funds have recently modified their holdings of TLN. Shikiar Asset Management Inc. bought a new stake in shares of Talen Energy in the 2nd quarter worth about $278,000. Allspring Global Investments Holdings LLC purchased a new stake in Talen Energy during the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Talen Energy in the 3rd quarter worth approximately $7,967,000. Guidance Capital Inc. bought a new position in shares of Talen Energy during the 3rd quarter valued at approximately $348,000. Finally, Mcdaniel Terry & Co. purchased a new stake in Talen Energy during the 3rd quarter valued at $371,000. Hedge funds and other 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.