Brokerages Set Talen Energy Corporation (NASDAQ:TLN) Target Price at $448.58

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $448.5833.

A number of research firms recently weighed in on TLN. BNP Paribas Exane began coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. 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. Barclays upped their target price on shares of Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Wells Fargo & Company upped their target price on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a research note on Thursday, March 19th.

Talen Energy Stock Performance

NASDAQ TLN opened at $406.51 on Wednesday. The stock has a market cap of $18.46 billion, a P/E ratio of -606.72 and a beta of 1.80. The company’s 50-day simple moving average is $359.74 and its 200 day simple moving average is $358.33. Talen Energy has a twelve month low of $255.50 and a twelve month high of $451.28. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Institutional Trading of Talen Energy

Large investors have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in Talen Energy during the fourth quarter worth about $27,000. Assetmark Inc. grew its stake in Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after buying an additional 64 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Talen Energy during the third quarter worth about $34,000. Advisory Services Network LLC bought a new stake in Talen Energy during the third quarter worth about $35,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Talen Energy by 1,500.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 96 shares of the utilities provider’s stock worth $36,000 after buying an additional 90 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

About Talen Energy

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).