Talen Energy Corporation (NASDAQ:TLN) Receives $222.40 Consensus Target Price from Brokerages

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has been given an average recommendation of "Buy" by the ten research firms that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have covered the stock in the last year is $222.40.

Several analysts have recently issued reports on TLN shares. Royal Bank of Canada began coverage on Talen Energy in a report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price objective on the stock. Daiwa Capital Markets began coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They set a "buy" rating and a $248.00 price target on 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. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an "overweight" rating and a $268.00 target price on the stock. Finally, UBS Group increased their price target on shares of Talen Energy from $197.00 to $242.00 and gave the company a "buy" rating in a report on Friday, November 15th.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the sale, the insider now owns 6,475,107 shares of the company's stock, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rubric Capital Management LP acquired a new position in Talen Energy during the 3rd quarter valued at about $2,026,342,000. River Road Asset Management LLC acquired a new position in shares of Talen Energy during the third quarter valued at about $277,653,000. Monarch Alternative Capital LP purchased a new position in shares of Talen Energy in the 3rd quarter valued at approximately $258,448,000. Mirabella Financial Services LLP acquired a new stake in Talen Energy in the 3rd quarter worth approximately $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in Talen Energy during the 3rd quarter worth approximately $167,724,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

TLN traded down $0.19 on Wednesday, hitting $201.47. 394,031 shares of the company's stock traded hands, compared to its average volume of 665,355. Talen Energy has a one year low of $60.51 and a one year high of $230.89. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The firm has a market cap of $10.25 billion and a price-to-earnings ratio of 10.79. The company's 50 day simple moving average is $202.71 and its 200-day simple moving average is $143.06.

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.