Analysts Set Talen Energy Corporation (NASDAQ:TLN) Target Price at $410.92

Shares of Talen Energy Corporation (NASDAQ:TLN) have earned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $430.0909.

Several brokerages recently weighed in on TLN. Weiss Ratings lowered Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Morgan Stanley set a $474.00 price objective on shares of Talen Energy in a report on Friday, February 20th. Barclays reduced their target price on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th.

Hedge Funds Weigh In On Talen Energy

Large investors have recently made changes to their positions in the stock. Daiwa Securities Group Inc. lifted its holdings in Talen Energy by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 671 shares of the utilities provider’s stock worth $252,000 after purchasing an additional 36 shares in the last quarter. Compound Planning Inc. grew its holdings in Talen Energy by 4.7% during the 4th quarter. Compound Planning Inc. now owns 841 shares of the utilities provider’s stock valued at $315,000 after buying an additional 38 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Talen Energy by 0.4% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 10,223 shares of the utilities provider’s stock valued at $3,832,000 after buying an additional 39 shares during the period. Berbice Capital Management LLC lifted its holdings in shares of Talen Energy by 19.1% in the fourth quarter. Berbice Capital Management LLC now owns 280 shares of the utilities provider’s stock worth $105,000 after buying an additional 45 shares in the last quarter. Finally, Red Door Wealth Management LLC lifted its holdings in shares of Talen Energy by 2.2% in the fourth quarter. Red Door Wealth Management LLC now owns 2,191 shares of the utilities provider’s stock worth $821,000 after buying an additional 47 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

Shares of TLN opened at $320.56 on Monday. The firm has a market cap of $14.65 billion, a PE ratio of -64.89, a PEG ratio of 0.47 and a beta of 1.94. The stock’s fifty day moving average price is $366.22 and its two-hundred day moving average price is $382.29. The company has a debt-to-equity ratio of 6.20, a current ratio of 1.28 and a quick ratio of 1.02. Talen Energy has a 1 year low of $158.08 and a 1 year high of $451.28.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).