Talen Energy (NASDAQ:TLN) Price Target Lowered to $265.00 at JPMorgan Chase & Co.

Talen Energy (NASDAQ:TLN) had its target price reduced by equities research analysts at JPMorgan Chase & Co. from $295.00 to $265.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 30.68% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Bank of America started coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 price target on the stock. Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. Morgan Stanley started coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target for the company. UBS Group lifted their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, 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 report on Monday, December 9th. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $241.09.

Talen Energy Stock Performance

NASDAQ:TLN opened at $202.79 on Friday. The firm has a 50 day moving average of $218.06 and a 200-day moving average of $190.25. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a 1 year low of $98.50 and a 1 year high of $258.03. The stock has a market capitalization of $9.23 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00.

Institutional Trading of Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after buying an additional 256,414 shares during the period. Monarch Alternative Capital LP bought a new stake in Talen Energy in the 3rd quarter valued at approximately $258,448,000. William Blair Investment Management LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $239,984,000. Lone Pine Capital LLC grew its stake in shares of Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider’s stock worth $219,477,000 after acquiring an additional 233,165 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in shares of Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock valued at $192,353,000 after purchasing an additional 577,257 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.