Talen Energy (NASDAQ:TLN) Price Target Raised to $293.00

Talen Energy (NASDAQ:TLN - Free Report) had its price target increased by Barclays from $245.00 to $293.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the utilities provider's stock.

Several other research firms have also recently weighed in on TLN. Guggenheim lifted their price objective on shares of Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. UBS Group upped their price target on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Daiwa Capital Markets started 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. began coverage on Talen Energy in a research note on Thursday, October 17th. They set an "overweight" rating and a $268.00 target price on the stock. Finally, Oppenheimer increased their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has a consensus rating of "Buy" and a consensus price target of $229.90.

Talen Energy Price Performance

Talen Energy stock traded up $12.26 during mid-day trading on Monday, hitting $204.42. The company's stock had a trading volume of 2,678,807 shares, compared to its average volume of 1,356,855. Talen Energy has a twelve month low of $64.51 and a twelve month high of $258.03. The stock's fifty day moving average price is $214.64 and its two-hundred day moving average price is $159.63. The stock has a market capitalization of $10.39 billion and a P/E ratio of 10.94. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the transaction, the insider now owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Talen Energy

Several large investors have recently made changes to their positions in TLN. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy in the fourth quarter worth about $39,000. BNP Paribas Financial Markets bought a new position in Talen Energy in the 3rd quarter worth approximately $36,000. Empowered Funds LLC acquired a new position in Talen Energy during the 4th quarter worth $42,000. SG Americas Securities LLC bought a new position in Talen Energy in the 4th quarter valued at $152,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy in the 4th quarter valued at $240,000. Institutional investors own 0.38% of the company's stock.

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.