Brokerages Set Talen Energy Corporation (NASDAQ:TLN) Target Price at $448.25

Talen Energy Corporation (NASDAQ:TLN) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $448.25.

TLN has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Talen Energy from $425.00 to $408.00 and set an “overweight” rating on the stock in a report on Monday, April 20th. BNP Paribas Exane initiated coverage on shares of Talen Energy in a report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price objective on the stock. Weiss Ratings upgraded shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, May 7th. Wells Fargo & Company lifted their price objective on shares of Talen Energy from $465.00 to $477.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th.

Talen Energy Stock Performance

Shares of TLN opened at $324.21 on Friday. The company has a debt-to-equity ratio of 6.32, a quick ratio of 1.05 and a current ratio of 1.25. Talen Energy has a twelve month low of $232.34 and a twelve month high of $451.28. The firm’s 50 day moving average price is $340.36 and its two-hundred day moving average price is $360.46. The firm has a market cap of $14.72 billion, a P/E ratio of -483.89 and a beta of 1.90.

Institutional Trading of Talen Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in TLN. Amundi acquired a new stake in shares of Talen Energy in the first quarter valued at approximately $299,000. AQR Capital Management LLC acquired a new stake in shares of Talen Energy in the first quarter valued at approximately $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Talen Energy by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after purchasing an additional 761 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after buying an additional 870 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Talen Energy by 15.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock worth $9,794,000 after buying an additional 6,498 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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).