Talen Energy (NASDAQ:TLN) Price Target Lowered to $202.00 at Barclays

Talen Energy (NASDAQ:TLN - Get Free Report) had its price target dropped by investment analysts at Barclays from $207.00 to $202.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the utilities provider's stock. Barclays's target price would suggest a potential upside of 12.74% from the company's current price.

Other analysts have also recently issued research reports about the stock. 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 note on Tuesday, October 8th. Oppenheimer lifted their target price on Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. Jefferies Financial Group began coverage on shares of Talen Energy in a report on Friday, September 13th. They set a "buy" rating and a $226.00 price target for the company. UBS Group started coverage on shares of Talen Energy in a report on Wednesday, September 18th. They issued a "buy" rating and a $197.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday. They set an "overweight" rating and a $268.00 target price on the stock. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy currently has an average rating of "Buy" and a consensus price target of $205.33.

Talen Energy Stock Up 3.0 %

Shares of TLN stock traded up $5.21 during trading hours on Monday, hitting $179.18. 907,842 shares of the company were exchanged, compared to its average volume of 607,095. The business has a 50 day moving average of $119.92 and a two-hundred day moving average of $96.84. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. Talen Energy has a 52 week low of $51.81 and a 52 week high of $197.61.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $437.50 million. As a group, research analysts expect that Talen Energy will post 13.78 EPS for the current year.

Institutional Trading of Talen Energy

An institutional investor recently bought a new position in Talen Energy stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 165,305 shares of the utilities provider's stock, valued at approximately $29,464,000. Allspring Global Investments Holdings LLC owned about 0.33% of Talen Energy as of its most recent SEC filing. Institutional investors and hedge funds 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.