UBS Group Increases Talen Energy (NASDAQ:TLN) Price Target to $269.00

Talen Energy (NASDAQ:TLN) had its target price increased by UBS Group from $242.00 to $269.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

TLN has been the subject of a number of other research reports. Royal Bank of Canada started coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. BWS Financial upped their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Oppenheimer upped their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group began coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has an average rating of “Buy” and a consensus target price of $225.10.

Talen Energy Trading Up 1.6 %

Shares of TLN stock opened at $215.59 on Friday. Talen Energy has a twelve month low of $60.51 and a twelve month high of $230.89. The firm has a 50-day moving average price of $204.08 and a 200 day moving average price of $145.10. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $10.96 billion and a price-to-earnings ratio of 11.54.

Insiders Place Their Bets

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 value of $999,988,155.45. Following the completion of the transaction, the insider now owns 6,475,107 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Talen Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new position in Talen Energy in the 3rd quarter worth approximately $36,000. Spirit of America Management Corp NY purchased a new position in shares of Talen Energy during the 3rd quarter valued at approximately $214,000. World Equity Group Inc. purchased a new position in shares of Talen Energy during the 3rd quarter valued at approximately $237,000. Everence Capital Management Inc. purchased a new position in shares of Talen Energy during the 4th quarter valued at approximately $276,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Talen Energy during the 3rd quarter valued at approximately $257,000. 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.