Barclays Has Lowered Expectations for Talen Energy (NASDAQ:TLN) Stock Price

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

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

Talen Energy Trading Down 9.6 %

Talen Energy stock opened at $188.02 on Tuesday. The firm has a market cap of $9.56 billion, a PE ratio of 10.07, a P/E/G ratio of 2.70 and a beta of 1.70. Talen Energy has a 12 month low of $79.00 and a 12 month high of $258.03. The stock’s 50 day simple moving average is $223.23 and its two-hundred day simple moving average is $180.31. 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 Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the transaction, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Equity Group Inc. acquired a new stake in Talen Energy during the third quarter worth approximately $237,000. Yacktman Asset Management LP acquired a new position in Talen Energy in the third quarter valued at $79,299,000. River Road Asset Management LLC purchased a new position in Talen Energy during the third quarter worth about $277,653,000. M&G PLC purchased a new stake in Talen Energy in the 3rd quarter valued at about $14,797,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $1,398,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

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.