Talen Energy (NASDAQ:TLN) Given New $250.00 Price Target at Oppenheimer

Talen Energy (NASDAQ:TLN) had its price target hoisted by stock analysts at Oppenheimer from $225.00 to $250.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the utilities provider’s stock. Oppenheimer’s price target suggests a potential upside of 12.91% from the stock’s current price.

Several other research analysts also recently commented on the company. Guggenheim raised their price objective on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group started coverage on Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. Daiwa Capital Markets initiated coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target for the company. BWS Financial boosted their price target on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, UBS Group increased their price objective on shares of Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Ten investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $218.10.

Talen Energy Trading Down 1.0 %

Shares of NASDAQ TLN opened at $221.41 on Monday. Talen Energy has a fifty-two week low of $57.01 and a fifty-two week high of $230.89. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market cap of $11.26 billion and a price-to-earnings ratio of 11.85. The business’s 50 day moving average price is $178.71 and its 200-day moving average price is $128.78.

Hedge Funds Weigh In On Talen Energy

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Talen Energy in the 3rd quarter worth about $36,000. Spirit of America Management Corp NY purchased a new stake in Talen Energy in the 3rd quarter valued at $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the 3rd quarter valued at about $237,000. Point72 Hong Kong Ltd acquired a new position in Talen Energy in the third quarter valued at approximately $257,000. Finally, Tidal Investments LLC purchased a new position in Talen Energy in the third quarter worth approximately $304,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Company Profile

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.