Talen Energy (NASDAQ:TLN) Given New $282.00 Price Target at Barclays

Talen Energy (NASDAQ:TLN - Get Free Report) had its price target cut by equities research analysts at Barclays from $293.00 to $282.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's price target would indicate a potential upside of 60.01% from the stock's current price.

Several other brokerages have also issued reports on TLN. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating for the company. Oppenheimer upped their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Monday, December 9th. UBS Group raised their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Bank of America started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price objective on the stock. Finally, Daiwa Capital Markets assumed coverage on Talen Energy in a report on Wednesday, December 4th. They set a "buy" rating and a $248.00 target price for the company. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of "Buy" and a consensus price target of $246.00.

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Talen Energy Trading Down 2.4 %

TLN stock traded down $4.29 during midday trading on Tuesday, hitting $176.24. 1,664,004 shares of the company's stock were exchanged, compared to its average volume of 1,296,084. Talen Energy has a one year low of $83.14 and a one year high of $258.03. 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 company has a market cap of $8.10 billion, a PE ratio of 9.43, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The stock's fifty day moving average price is $222.09 and its 200-day moving average price is $181.48.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the company's stock in a transaction 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 sale, the insider now directly owns 6,475,107 shares of the company's stock, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. World Equity Group Inc. bought a new position in Talen Energy during the third quarter worth about $237,000. Yacktman Asset Management LP acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $79,299,000. River Road Asset Management LLC bought a new position in shares of Talen Energy during the 3rd quarter worth approximately $277,653,000. M&G PLC acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $14,797,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $1,398,000. 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.