Talen Energy (NASDAQ:TLN) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI initiated coverage on shares of Talen Energy (NASDAQ:TLN) in a research note issued to investors on Friday morning, MarketBeat reports. The brokerage issued an outperform rating on the utilities provider’s stock.

TLN has been the subject of several other research reports. Oppenheimer increased their target price 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. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Barclays boosted their target price on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Finally, UBS Group boosted 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. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has a consensus rating of “Buy” and an average target price of $247.10.

Talen Energy Stock Down 7.5 %

Shares of NASDAQ:TLN opened at $218.80 on Friday. Talen Energy has a 1-year low of $67.55 and a 1-year high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The stock has a market cap of $11.13 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.70 and a beta of 1.70. The firm has a fifty day moving average price of $222.20 and a 200 day moving average price of $175.84.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction on 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 sale, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

A number of large investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in Talen Energy during the 3rd quarter valued at $36,000. Allworth Financial LP lifted its position in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy during the fourth quarter valued at $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy during the 4th quarter worth about $39,000. Finally, Empowered Funds LLC acquired a new position in Talen Energy in the 4th quarter valued at about $42,000. 0.38% of the stock is owned by institutional investors and hedge funds.

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.