Talen Energy (NASDAQ:TLN) Price Target Raised to $269.00

Talen Energy (NASDAQ:TLN - Get Free Report) had its price target raised by equities researchers at UBS Group from $242.00 to $269.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the utilities provider's stock. UBS Group's price objective would suggest a potential upside of 24.77% from the stock's previous close.

Other equities analysts have also issued reports about the company. Barclays upped their target price on Talen Energy from $202.00 to $245.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Guggenheim raised their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Royal Bank of Canada began coverage on shares of Talen Energy in a research note on Thursday, September 26th. They issued an "outperform" rating and a $233.00 price target for the company. 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 price objective on the stock. Finally, Daiwa Capital Markets started coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They issued a "buy" rating and a $248.00 target price for the company. Ten analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $225.10.

Talen Energy Price Performance

Shares of TLN traded up $3.36 during mid-day trading on Friday, reaching $215.59. 839,808 shares of the stock traded hands, compared to its average volume of 788,004. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy has a 1 year low of $60.51 and a 1 year high of $230.89. The company has a market cap of $10.96 billion and a price-to-earnings ratio of 11.54. The firm has a fifty day moving average price of $203.39 and a 200 day moving average price of $143.52.

Insider Transactions at Talen Energy

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 shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the sale, the insider now owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets bought a new position in shares of Talen Energy during the third quarter valued at approximately $36,000. Spirit of America Management Corp NY purchased a new position in Talen Energy during the 3rd quarter valued at $214,000. World Equity Group Inc. bought a new position in Talen Energy in the 3rd quarter worth $237,000. Point72 Hong Kong Ltd purchased a new stake in shares of Talen Energy in the 3rd quarter worth about $257,000. Finally, Everence Capital Management Inc. bought a new stake in shares of Talen Energy during the 4th quarter valued at about $276,000. 0.38% of the stock is owned by 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.