JPMorgan Chase & Co. Begins Coverage on Talen Energy (NASDAQ:TLN)

JPMorgan Chase & Co. started coverage on shares of Talen Energy (NASDAQ:TLN - Free Report) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $268.00 price objective on the utilities provider's stock.

A number of other research firms also recently commented on TLN. UBS Group began coverage on shares of Talen Energy in a report on Wednesday, September 18th. They set a "buy" rating and a $197.00 price objective on the stock. Guggenheim boosted their price target on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group assumed coverage on Talen Energy in a research note on Friday, September 13th. They issued a "buy" rating and a $226.00 price objective for the company. BWS Financial boosted their target price on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Finally, Barclays raised their price target on Talen Energy from $178.00 to $207.00 and gave the company an "overweight" rating in a research report on Tuesday, September 17th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $205.89.

Talen Energy Stock Up 1.3 %

Talen Energy stock traded up $2.29 during mid-day trading on Thursday, reaching $173.97. 659,033 shares of the company were exchanged, compared to its average volume of 605,603. The firm's 50-day simple moving average is $118.68 and its two-hundred day simple moving average is $95.66. Talen Energy has a twelve month low of $51.81 and a twelve month high of $197.61. 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 (NASDAQ:TLN - Get Free Report) last released its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping the consensus estimate of ($1.14) by $1.33. The company had revenue of $489.00 million during the quarter, compared to analysts' expectations of $437.50 million. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. Research analysts forecast that Talen Energy will post 13.78 earnings per share for the current fiscal year.

Institutional Trading of Talen Energy

A hedge fund recently bought a new stake in Talen Energy stock. Shikiar Asset Management Inc. acquired a new position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,500 shares of the utilities provider's stock, valued at approximately $278,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

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.