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Talen Energy (NASDAQ:TLN) Stock Price Expected to Rise, Oppenheimer Analyst Says

Talen Energy logo with Oils/Energy background

Talen Energy (NASDAQ:TLN - Get Free Report) had its price target hoisted by equities researchers at Oppenheimer from $225.00 to $250.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the utilities provider's stock. Oppenheimer's price target indicates a potential upside of 19.80% from the stock's current price.

TLN has been the subject of several other reports. Guggenheim lifted their target price on Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Barclays decreased their target price on Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. BWS Financial lifted their target price on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a "buy" rating and a $226.00 target price on the stock. Finally, JPMorgan Chase & Co. began coverage on shares of Talen Energy in a report on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price target for the company. Ten analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy has an average rating of "Buy" and a consensus price target of $218.10.

Get Our Latest Analysis on TLN

Talen Energy Trading Down 5.7 %

TLN traded down $12.73 during trading on Monday, reaching $208.68. The company had a trading volume of 1,221,483 shares, compared to its average volume of 671,365. The stock has a market cap of $10.61 billion and a P/E ratio of 11.85. The business has a 50 day simple moving average of $178.71 and a 200-day simple moving average of $128.78. Talen Energy has a 52 week low of $58.00 and a 52 week high of $230.89. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Institutional Inflows and Outflows

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

Talen Energy Company Profile

(Get Free Report)

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.

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