Talen Energy (NASDAQ:TLN) Price Target Raised to $245.00

Talen Energy (NASDAQ:TLN - Get Free Report) had its price objective hoisted by Barclays from $202.00 to $245.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's target price suggests a potential upside of 18.10% from the stock's previous close.

Several other brokerages have also commented on TLN. BWS Financial upped their target price on Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 6th. UBS Group increased their price target on Talen Energy from $197.00 to $242.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada initiated coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price objective for the company. Oppenheimer boosted their target price 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. Finally, Daiwa Capital Markets assumed coverage on shares of Talen Energy in a report on Wednesday, December 4th. They issued a "buy" rating and a $248.00 price target for the company. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy has a consensus rating of "Buy" and a consensus price target of $222.40.

Talen Energy Trading Down 0.9 %

Shares of TLN stock traded down $1.96 on Friday, hitting $207.46. The company had a trading volume of 371,938 shares, compared to its average volume of 670,646. Talen Energy has a twelve month low of $58.28 and a twelve month high of $230.89. 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 firm has a market cap of $10.55 billion and a P/E ratio of 11.11. The stock's 50-day moving average is $187.01 and its two-hundred day moving average is $132.47.

Institutional Trading of Talen Energy

A number of large investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP purchased a new position in shares of Talen Energy in the third quarter worth about $2,026,342,000. River Road Asset Management LLC purchased a new position in shares of Talen Energy during the third quarter worth about $277,653,000. Monarch Alternative Capital LP bought a new position in shares of Talen Energy in the 3rd quarter worth $258,448,000. Mirabella Financial Services LLP purchased a new position in Talen Energy in the third quarter worth $168,108,000. Finally, Sachem Head Capital Management LP bought a new position in Talen Energy in the third quarter valued at $167,724,000. Hedge funds and other institutional investors 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.