JPMorgan Chase & Co. Cuts Talen Energy (NASDAQ:TLN) Price Target to $265.00

Talen Energy (NASDAQ:TLN) had its price objective decreased by JPMorgan Chase & Co. from $295.00 to $265.00 in a research note issued to investors on Friday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the utilities provider’s stock.

Several other analysts have also weighed in on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They set an “outperform” rating for the company. Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective for the company. Oppenheimer increased their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Bank of America initiated coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Finally, Barclays lowered their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy has a consensus rating of “Buy” and a consensus target price of $241.09.

Talen Energy Stock Performance

Talen Energy stock opened at $197.48 on Friday. The firm has a market capitalization of $8.99 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.70 and a beta of 2.00. The stock has a fifty day moving average price of $217.31 and a two-hundred day moving average price of $191.82. Talen Energy has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Institutional Trading of Talen Energy

A number of large investors have recently made changes to their positions in TLN. Wedbush Securities Inc. grew its stake in Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 61 shares during the period. Allworth Financial LP raised its holdings in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after buying an additional 116 shares during the period. Jones Financial Companies Lllp acquired a new position in shares of Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new stake in shares of Talen Energy during the fourth quarter worth $39,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Talen Energy during the third quarter worth $36,000. 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.