Talen Energy Corporation (NASDAQ:TLN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $225.10.

TLN has been the subject of a number of analyst reports. Guggenheim increased their price target on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Daiwa Capital Markets initiated coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 target price for the company. Oppenheimer increased their price target on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Barclays lifted their price objective on shares of Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th.

Insider Transactions at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TLN. Rubric Capital Management LP bought a new stake in shares of Talen Energy in the third quarter valued at about $2,026,342,000. River Road Asset Management LLC purchased a new position in Talen Energy during the 3rd quarter valued at about $277,653,000. Monarch Alternative Capital LP bought a new stake in shares of Talen Energy in the 3rd quarter valued at about $258,448,000. Mirabella Financial Services LLP purchased a new stake in shares of Talen Energy in the 3rd quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP bought a new position in shares of Talen Energy during the third quarter valued at approximately $167,724,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Price Performance

Talen Energy stock opened at $245.06 on Friday. Talen Energy has a 52-week low of $64.51 and a 52-week high of $258.03. The company has a market cap of $12.46 billion and a price-to-earnings ratio of 13.12. The firm’s fifty day moving average is $214.95 and its 200 day moving average is $158.50. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

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.