Talen Energy (NASDAQ:TLN) Price Target Lowered to $259.00 at UBS Group

Talen Energy (NASDAQ:TLN - Free Report) had its target price reduced by UBS Group from $275.00 to $259.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the utilities provider's stock.

TLN has been the subject of a number of other research reports. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Barclays dropped their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Bank of America assumed coverage on shares of Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. Finally, Evercore ISI assumed coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $240.18.

Talen Energy Stock Up 1.1 %

Shares of TLN stock traded up $2.19 on Friday, hitting $200.23. The company's stock had a trading volume of 554,929 shares, compared to its average volume of 1,132,422. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 2.70 and a beta of 1.93. Talen Energy has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The firm's fifty day moving average price is $208.34 and its 200-day moving average price is $198.18. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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Institutional Trading of Talen Energy

Several institutional investors have recently modified their holdings of TLN. Farther Finance Advisors LLC acquired a new position in shares of Talen Energy in the first quarter valued at $1,275,000. Mercuria Capital Strategies LLC bought a new position in shares of Talen Energy during the 1st quarter worth about $3,993,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Talen Energy by 80.3% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,151 shares of the utilities provider's stock valued at $429,000 after acquiring an additional 958 shares in the last quarter. Merit Financial Group LLC bought a new position in Talen Energy during the first quarter worth about $487,000. Finally, NBC Securities Inc. boosted its holdings in Talen Energy by 106,885.7% during the first quarter. NBC Securities Inc. now owns 14,978 shares of the utilities provider's stock valued at $2,990,000 after purchasing an additional 14,964 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

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.