Talen Energy (NASDAQ:TLN) Price Target Raised to $269.00

Talen Energy (NASDAQ:TLN) had its price objective lifted by UBS Group from $242.00 to $269.00 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a buy rating on the utilities provider’s stock.

TLN has been the topic of a number of other reports. Jefferies Financial Group initiated coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. Royal Bank of Canada assumed coverage on Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Barclays increased their price target on Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 13th. Guggenheim increased their price target on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $225.10.

Talen Energy Stock Performance

Shares of TLN opened at $215.59 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $10.96 billion and a PE ratio of 11.54. The company’s 50 day simple moving average is $204.08 and its 200-day simple moving average is $145.10. Talen Energy has a 12-month low of $60.51 and a 12-month high of $230.89.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the 3rd quarter worth $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy in the 3rd quarter valued at about $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the 3rd quarter valued at about $237,000. Everence Capital Management Inc. acquired a new position in Talen Energy in the 4th quarter valued at about $276,000. Finally, Point72 Hong Kong Ltd acquired a new position in Talen Energy in the 3rd quarter valued at about $257,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.