Talen Energy Corporation (NASDAQ:TLN) Given Consensus Rating of "Buy" by Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have received an average recommendation of "Buy" from the twelve ratings firms that are currently covering the company, MarketBeat reports. Twelve analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $240.18.

Several research firms have commented on TLN. UBS Group decreased their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research report on Friday. Barclays cut their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating for the company. JPMorgan Chase & Co. lowered their price target on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th.

Institutional Trading of Talen Energy

A number of large investors have recently bought and sold shares of TLN. Vanguard Group Inc. grew its holdings in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Talen Energy in the fourth quarter valued at approximately $239,984,000. Lone Pine Capital LLC grew its position in Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock worth $219,477,000 after acquiring an additional 233,165 shares during the last quarter. Fred Alger Management LLC raised its position in Talen Energy by 152.9% in the 4th quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock valued at $192,353,000 after purchasing an additional 577,257 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after purchasing an additional 161,269 shares during the last quarter. 0.38% of the stock is currently owned by institutional investors.

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Talen Energy Stock Up 1.1 %

Shares of NASDAQ TLN traded up $2.19 during trading hours on Friday, hitting $200.23. The stock had a trading volume of 554,929 shares, compared to its average volume of 1,132,422. The firm's 50-day moving average price is $209.05 and its two-hundred day moving average price is $197.63. Talen Energy has a 52 week low of $98.50 and a 52 week high of $258.03. The company has a market capitalization of $9.11 billion, a P/E ratio of 10.72, a P/E/G ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

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.