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

Talen Energy (NASDAQ:TLN) had its price target lifted by equities research analysts at UBS Group from $242.00 to $269.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price would indicate a potential upside of 25.55% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. BWS Financial upped their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Guggenheim upped their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Oppenheimer boosted their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group started coverage on shares of Talen Energy in a report on Friday, September 13th. They set a “buy” rating and a $226.00 price target for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy has an average rating of “Buy” and a consensus target price of $225.10.

Talen Energy Price Performance

NASDAQ TLN opened at $214.25 on Friday. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $10.90 billion and a PE ratio of 11.47. Talen Energy has a 12-month low of $60.51 and a 12-month high of $230.89. The company has a 50 day moving average price of $203.39 and a two-hundred day moving average price of $143.52.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors have recently bought and sold shares of TLN. Rubric Capital Management LP acquired a new stake in Talen Energy during the third quarter valued at approximately $2,026,342,000. River Road Asset Management LLC bought a new position in shares of Talen Energy during the third quarter valued at $277,653,000. Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $258,448,000. Mirabella Financial Services LLP bought a new position in Talen Energy during the 3rd quarter valued at about $168,108,000. Finally, Sachem Head Capital Management LP acquired a new position in Talen Energy in the third quarter valued at about $167,724,000. Institutional investors and hedge funds 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.