Talen Energy Corporation (NASDAQ:TLN) Receives Consensus Rating of “Buy” from Analysts

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned a consensus rating of “Buy” from the ten ratings firms that are covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $225.10.

TLN has been the topic of a number of analyst reports. Daiwa Capital Markets started coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective on the stock. Oppenheimer lifted their price target 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. UBS Group upped their price target on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Finally, Guggenheim upped their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th.

Insider Activity

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. acquired a new stake in shares of Talen Energy during the 4th quarter worth approximately $39,000. BNP Paribas Financial Markets purchased a new stake in Talen Energy during the third quarter worth $36,000. SG Americas Securities LLC acquired a new stake in Talen Energy during the fourth quarter valued at $152,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Talen Energy in the fourth quarter valued at $240,000. Finally, Spirit of America Management Corp NY acquired a new position in shares of Talen Energy in the third quarter worth about $214,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Price Performance

TLN opened at $245.06 on Friday. The firm has a market capitalization of $12.46 billion and a PE ratio of 13.12. 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 business’s 50-day moving average is $214.95 and its two-hundred day moving average is $158.50. Talen Energy has a 1 year low of $64.51 and a 1 year high of $258.03.

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.