Barclays Lowers Talen Energy (NASDAQ:TLN) Price Target to $282.00

Talen Energy (NASDAQ:TLN) had its target price lowered by analysts at Barclays from $293.00 to $282.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective would indicate a potential upside of 49.98% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Oppenheimer upped their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. UBS Group increased their target price on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective for the company. Finally, Bank of America began coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $246.00.

Talen Energy Stock Down 9.6 %

Shares of TLN opened at $188.02 on Tuesday. The stock’s 50-day moving average price is $223.23 and its two-hundred day moving average price is $180.31. Talen Energy has a 12 month low of $79.00 and a 12 month high of $258.03. The company has a market capitalization of $9.56 billion, a PE ratio of 10.07, a PEG ratio of 2.70 and a beta of 1.70. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Insider Activity at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the sale, the insider now owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Talen Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP acquired a new stake in Talen Energy in the 3rd quarter worth approximately $2,026,342,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy during the third quarter worth about $277,653,000. Monarch Alternative Capital LP purchased a new stake in Talen Energy in the third quarter valued at approximately $258,448,000. William Blair Investment Management LLC purchased a new position in Talen Energy during the 4th quarter worth approximately $239,984,000. Finally, Mirabella Financial Services LLP purchased a new position in Talen Energy during the 3rd quarter worth approximately $168,108,000. 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.