Talen Energy (NASDAQ:TLN) Price Target Raised to $442.00

Talen Energy (NASDAQ:TLN) had its price objective increased by JPMorgan Chase & Co. from $432.00 to $442.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

Several other equities analysts also recently weighed in on the company. Melius Research raised their price objective on Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Oppenheimer set a $315.00 price objective on Talen Energy and gave the company an “outperform” rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. UBS Group set a $431.00 price objective on Talen Energy and gave the company a “buy” rating in a research note on Friday, July 25th. Finally, Wall Street Zen raised Talen Energy from a “sell” rating to a “hold” rating in a research note on Monday, August 11th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Talen Energy has an average rating of “Moderate Buy” and an average target price of $391.31.

Talen Energy Stock Performance

Shares of TLN stock opened at $380.69 on Monday. The company has a market cap of $17.39 billion, a price-to-earnings ratio of 107.84, a price-to-earnings-growth ratio of 2.10 and a beta of 1.88. The stock has a 50 day simple moving average of $401.37 and a 200-day simple moving average of $314.35. Talen Energy has a 12-month low of $158.08 and a 12-month high of $451.28. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The firm had revenue of $630.00 million during the quarter, compared to the consensus estimate of $481.48 million. On average, equities analysts forecast that Talen Energy will post 15.94 EPS for the current year.

Hedge Funds Weigh In On Talen Energy

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in Talen Energy by 75.8% during the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider’s stock worth $3,495,000 after buying an additional 7,547 shares in the last quarter. Crescent Grove Advisors LLC purchased a new position in Talen Energy during the first quarter worth $285,000. Thoroughbred Financial Services LLC purchased a new position in Talen Energy during the first quarter worth $756,000. TCW Group Inc. acquired a new stake in shares of Talen Energy during the first quarter worth $9,266,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Talen Energy during the first quarter worth $246,000. 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.