Talen Energy Corporation (NASDAQ:TLN) Given Average Recommendation of "Buy" by Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have been assigned an average rating of "Buy" from the nine research firms that are presently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $205.89.

A number of equities research analysts recently weighed in on TLN shares. Jefferies Financial Group initiated coverage on Talen Energy in a research note on Friday, September 13th. They issued a "buy" rating and a $226.00 price target on the stock. Oppenheimer increased their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a report on Thursday. They set an "overweight" rating and a $268.00 target price for the company. Barclays increased their price target on shares of Talen Energy from $178.00 to $207.00 and gave the company an "overweight" rating in a report on Tuesday, September 17th. Finally, Royal Bank of Canada assumed coverage on Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price objective for the company.

Hedge Funds Weigh In On Talen Energy

A hedge fund recently bought a new stake in Talen Energy stock. Shikiar Asset Management Inc. purchased a new stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,500 shares of the utilities provider's stock, valued at approximately $278,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Performance

Shares of Talen Energy stock traded up $2.29 on Friday, reaching $173.97. 659,033 shares of the company were exchanged, compared to its average volume of 605,603. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. Talen Energy has a one year low of $51.81 and a one year high of $197.61. The company has a 50-day moving average of $118.68 and a 200 day moving average of $95.66.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The firm had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. As a group, sell-side analysts expect that Talen Energy will post 13.78 EPS for the current fiscal year.

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.