Talen Energy Corporation (NASDAQ:TLN) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $247.10.

Several research analysts have recently commented on the stock. Bank of America assumed coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective for the company. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target for the company. Oppenheimer lifted 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. Barclays lifted their price target on shares of Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, UBS Group lifted their price target 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.

Talen Energy Trading Down 0.8 %

NASDAQ TLN opened at $248.33 on Thursday. The firm has a 50 day simple moving average of $221.43 and a 200-day simple moving average of $174.65. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy has a one year low of $67.01 and a one year high of $258.03. The firm has a market cap of $12.63 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 2.75 and a beta of 1.70.

Insiders Place Their Bets

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’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 sale, the insider now directly owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Talen Energy

Several hedge funds have recently modified their holdings of the business. Rubric Capital Management LP acquired a new position in Talen Energy during the third quarter worth $2,026,342,000. River Road Asset Management LLC acquired a new position in Talen Energy during the third quarter worth $277,653,000. Monarch Alternative Capital LP acquired a new position in Talen Energy during the third quarter worth $258,448,000. William Blair Investment Management LLC acquired a new position in Talen Energy during the fourth quarter worth $239,984,000. Finally, Mirabella Financial Services LLP acquired a new position in Talen Energy during the third quarter worth $168,108,000. 0.38% of the stock is owned by institutional investors and hedge funds.

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.