Talen Energy Corporation (NASDAQ:TLN) Given Consensus Rating of “Buy” by Brokerages

Shares of Talen Energy Corporation (NASDAQ:TLN) have earned an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $222.40.

Several analysts have issued reports on TLN shares. Barclays upped their price objective on Talen Energy from $202.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group started coverage on shares of Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 price objective for the company. Guggenheim raised their price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, BWS Financial increased their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 6th.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $207.46 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy has a 1 year low of $58.28 and a 1 year high of $230.89. The firm’s 50-day simple moving average is $187.01 and its 200-day simple moving average is $132.47. The firm has a market cap of $10.55 billion and a PE ratio of 11.11.

Institutional Investors Weigh In On Talen Energy

Hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP acquired a new stake in Talen Energy in the 3rd quarter valued at approximately $2,026,342,000. River Road Asset Management LLC acquired a new position in shares of Talen Energy during the third quarter valued at $277,653,000. Monarch Alternative Capital LP bought a new stake in shares of Talen Energy during the third quarter valued at about $258,448,000. Mirabella Financial Services LLP acquired a new stake in Talen Energy in the third quarter worth about $168,108,000. Finally, Sachem Head Capital Management LP bought a new position in Talen Energy in the 3rd quarter valued at about $167,724,000. 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.