Talen Energy Corporation (NASDAQ:TLN) Receives Average Recommendation of "Buy" from Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have been assigned an average recommendation of "Buy" from the twelve analysts that are currently covering the firm, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $241.36.

Several analysts recently commented on TLN shares. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research note on Wednesday, March 5th. Evercore ISI initiated coverage on Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating on the stock. UBS Group lifted their price objective on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Barclays lowered 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. Finally, Bank of America began 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 Stock Performance

Shares of TLN stock traded up $2.66 during midday trading on Monday, hitting $212.96. The company had a trading volume of 759,795 shares, compared to its average volume of 1,111,114. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.70 and a beta of 2.00. 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 company's 50 day simple moving average is $219.27 and its 200 day simple moving average is $186.84. Talen Energy has a 52-week low of $98.50 and a 52-week high of $258.03.

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Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently bought and sold shares of TLN. XTX Topco Ltd acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $520,000. JPMorgan Chase & Co. acquired a new position in shares of Talen Energy in the 3rd quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy during the 4th quarter valued at $240,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $258,448,000. Finally, First Sabrepoint Capital Management LP purchased a new stake in shares of Talen Energy during the 3rd quarter worth about $6,238,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

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.