Talen Energy (NASDAQ:TLN) Price Target Cut to $265.00 by Analysts at JPMorgan Chase & Co.

Talen Energy (NASDAQ:TLN - Free Report) had its target price trimmed by JPMorgan Chase & Co. from $295.00 to $265.00 in a research report report published on Friday,Benzinga reports. The firm currently has an overweight rating on the utilities provider's stock.

Other research analysts also recently issued reports about the company. Evercore ISI assumed coverage on Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. Morgan Stanley began coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. 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 objective on the stock. Finally, Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy presently has a consensus rating of "Buy" and an average price target of $241.09.

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Talen Energy Price Performance

TLN stock traded up $6.41 during mid-day trading on Friday, hitting $206.08. The company had a trading volume of 360,256 shares, compared to its average volume of 1,117,247. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a 50-day moving average price of $216.61 and a 200 day moving average price of $192.38. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy has a 12-month low of $98.50 and a 12-month high of $258.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TLN. BNP Paribas Financial Markets bought a new position in Talen Energy in the 3rd quarter worth about $36,000. Allworth Financial LP grew its stake in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy during the 4th quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in shares of Talen Energy in the 4th quarter worth $39,000. Finally, Empowered Funds LLC bought a new position in shares of Talen Energy during the 4th quarter worth $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

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.