Talen Energy Corporation (NASDAQ:TLN) Given Average Rating of “Buy” by Brokerages

Talen Energy Corporation (NASDAQ:TLN) has been assigned an average recommendation of “Buy” from the twelve brokerages that are covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have covered the stock in the last year is $241.36.

Several research firms recently commented on TLN. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Oppenheimer raised their price objective 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. UBS Group upped their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley assumed coverage on Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target for the company.

Talen Energy Stock Performance

Shares of TLN stock opened at $214.81 on Monday. The stock has a fifty day moving average price of $219.07 and a 200 day moving average price of $188.68. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The stock has a market cap of $9.87 billion, a PE ratio of 11.50, a P/E/G ratio of 2.70 and a beta of 2.00. Talen Energy has a 1 year low of $98.50 and a 1 year high of $258.03.

Hedge Funds Weigh In On Talen Energy

Several institutional investors have recently added to or reduced their stakes in TLN. BNP Paribas Financial Markets purchased a new stake in Talen Energy in the 3rd quarter valued at about $36,000. Allworth Financial LP boosted 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 worth $37,000 after acquiring an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the fourth quarter worth approximately $39,000. Finally, Empowered Funds LLC purchased a new position in Talen Energy during the fourth quarter worth approximately $42,000. 0.38% of the stock is currently 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.