Barclays Forecasts Strong Price Appreciation for Talen Energy (NASDAQ:TLN) Stock

Talen Energy (NASDAQ:TLN) had its price objective upped by Barclays from $245.00 to $293.00 in a research note released on Monday,Benzinga reports. The brokerage currently has an overweight rating on the utilities provider’s stock.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. initiated coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective on the stock. UBS Group lifted their target price on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Guggenheim upped their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Oppenheimer boosted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price on the stock. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $229.90.

Talen Energy Trading Up 4.7 %

Shares of NASDAQ TLN opened at $214.00 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock has a market cap of $10.88 billion and a price-to-earnings ratio of 11.46. The business has a 50 day simple moving average of $214.60 and a 200 day simple moving average of $160.76. Talen Energy has a 52 week low of $64.51 and a 52 week high of $258.03.

Insider Transactions at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction that occurred 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. This represents a 43.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently bought and sold shares of TLN. Entropy Technologies LP acquired a new stake in shares of Talen Energy during the fourth quarter worth $765,000. Empowered Funds LLC bought a new stake in shares of Talen Energy during the fourth quarter worth about $42,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Talen Energy by 68,428.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,797 shares of the utilities provider’s stock worth $966,000 after purchasing an additional 4,790 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Talen Energy in the fourth quarter worth approximately $940,000. Finally, Spirit of America Management Corp NY raised its stake in Talen Energy by 133.3% during the fourth quarter. Spirit of America Management Corp NY now owns 2,800 shares of the utilities provider’s stock worth $564,000 after buying an additional 1,600 shares during the last quarter. Institutional investors 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.