Talen Energy (NASDAQ:TLN) Coverage Initiated by Analysts at Daiwa Capital Markets

Analysts at Daiwa Capital Markets initiated coverage on shares of Talen Energy (NASDAQ:TLN) in a research report issued on Wednesday,Briefing.com Automated Import reports. The brokerage set a “buy” rating and a $248.00 price target on the utilities provider’s stock. Daiwa Capital Markets’ price target suggests a potential upside of 16.63% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Guggenheim upped their price objective on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Oppenheimer upped their price target on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. UBS Group lifted their price objective on Talen Energy from $197.00 to $242.00 and gave the company a “buy” rating in a report on Friday, November 15th. BWS Financial upped their target price on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Barclays cut their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $214.10.

Talen Energy Trading Up 1.3 %

Shares of TLN stock opened at $212.63 on Wednesday. The firm has a fifty day moving average of $172.88 and a 200-day moving average of $125.70. The stock has a market cap of $10.81 billion and a price-to-earnings ratio of 11.38. Talen Energy has a 52-week low of $56.16 and a 52-week high of $222.49. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Institutional Investors Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TLN. BNP Paribas Financial Markets acquired a new stake in Talen Energy during the 3rd quarter worth $36,000. Spirit of America Management Corp NY acquired a new stake in shares of Talen Energy during the third quarter worth about $214,000. World Equity Group Inc. bought a new position in shares of Talen Energy during the 3rd quarter worth approximately $237,000. Point72 Hong Kong Ltd bought a new stake in shares of Talen Energy in the third quarter worth $257,000. Finally, Tidal Investments LLC acquired a new position in Talen Energy during the third quarter worth $304,000. 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.