Talen Energy Corporation (NASDAQ:TLN) Receives $205.33 Consensus Target Price from Analysts

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has received an average recommendation of "Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $205.33.

A number of brokerages recently issued reports on TLN. BWS Financial lifted their target price on Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a research report on Friday, September 6th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a report on Thursday, October 17th. They set an "overweight" rating and a $268.00 price target for the company. Jefferies Financial Group initiated coverage on shares of Talen Energy in a report on Friday, September 13th. They set a "buy" rating and a $226.00 price target on the stock. Royal Bank of Canada initiated coverage on shares of Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price target for the company. Finally, UBS Group initiated coverage on Talen Energy in a research report on Wednesday, September 18th. They set a "buy" rating and a $197.00 target price on the stock.

Hedge Funds Weigh In On Talen Energy

Institutional investors have recently made changes to their positions in the business. River Road Asset Management LLC acquired a new position in Talen Energy in the 3rd quarter valued at approximately $277,653,000. Jennison Associates LLC bought a new stake in shares of Talen Energy in the third quarter valued at approximately $102,840,000. Yacktman Asset Management LP acquired a new position in Talen Energy during the 3rd quarter worth approximately $79,299,000. Charles Schwab Investment Management Inc. acquired a new position in shares of Talen Energy during the third quarter valued at about $77,067,000. Finally, Mizuho Markets Americas LLC bought a new stake in Talen Energy during the 3rd quarter worth approximately $33,866,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Price Performance

Shares of TLN traded down $0.43 during mid-day trading on Tuesday, hitting $208.79. 875,311 shares of the company traded hands, compared to its average volume of 653,314. Talen Energy has a one year low of $52.01 and a one year high of $214.00. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The business has a 50-day moving average of $142.88 and a 200 day moving average of $110.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.14) by $1.33. The firm had revenue of $489.00 million for the quarter, compared to analysts' expectations of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. As a group, analysts expect that Talen Energy will post 14.66 EPS for the current fiscal year.

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.