Analysts Set Talen Energy Corporation (NASDAQ:TLN) Price Target at $247.10

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has been given a consensus rating of "Buy" by the eleven analysts that are presently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $247.10.

A number of equities research analysts recently issued reports on TLN shares. UBS Group raised their price target on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Evercore ISI started coverage on Talen Energy in a research note on Friday. They set an "outperform" rating for the company. Oppenheimer raised their price target on Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Barclays raised their price target on Talen Energy from $245.00 to $293.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Finally, Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 price target for the company.

Talen Energy Trading Down 9.1 %

Shares of Talen Energy stock traded down $21.42 on Thursday, reaching $215.01. The company had a trading volume of 1,333,332 shares, compared to its average volume of 1,145,371. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 2.83 and a beta of 1.70. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The firm's 50-day moving average price is $221.97 and its two-hundred day moving average price is $175.07. Talen Energy has a 1 year low of $67.55 and a 1 year high of $258.03.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares of the company's stock, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TLN. Rubric Capital Management LP bought a new position in shares of Talen Energy in the 3rd quarter worth $2,026,342,000. River Road Asset Management LLC acquired a new stake in shares of Talen Energy in the 3rd quarter worth $277,653,000. Monarch Alternative Capital LP purchased a new position in Talen Energy during the 3rd quarter worth $258,448,000. William Blair Investment Management LLC acquired a new position in Talen Energy during the 4th quarter valued at about $239,984,000. Finally, Mirabella Financial Services LLP purchased a new stake in Talen Energy in the third quarter valued at about $168,108,000. 0.38% of the stock is owned by 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.