Talen Energy (NASDAQ:TLN) Coverage Initiated by Analysts at Evercore ISI

Evercore ISI started coverage on shares of Talen Energy (NASDAQ:TLN) in a report published on Friday morning, Marketbeat reports. The brokerage issued an outperform rating on the utilities provider’s stock.

Several other research firms have also commented on TLN. Barclays raised their price target on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Bank of America started coverage on Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Oppenheimer boosted their price target 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. UBS Group raised their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Daiwa Capital Markets started coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They set a “buy” rating and a $248.00 target price on the stock. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $247.10.

Talen Energy Stock Performance

NASDAQ:TLN opened at $218.80 on Friday. Talen Energy has a fifty-two week low of $67.55 and a fifty-two week high of $258.03. 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 company has a 50 day moving average price of $222.20 and a 200 day moving average price of $175.84. The stock has a market capitalization of $11.13 billion, a P/E ratio of 11.71, a PEG ratio of 2.70 and a beta of 1.70.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company’s stock in a transaction dated 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 directly owns 6,475,107 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

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