Talen Energy (NASDAQ:TLN) Research Coverage Started at Bank of America

Bank of America initiated coverage on shares of Talen Energy (NASDAQ:TLN) in a report issued on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $253.00 target price on the utilities provider’s stock.

Several other equities research analysts have also recently weighed in on TLN. Guggenheim increased their price objective 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. Barclays increased their price objective on shares of Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. UBS Group increased their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Oppenheimer increased their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, 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 for the company. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy presently has an average rating of “Buy” and an average target price of $232.00.

Talen Energy Trading Up 0.6 %

Shares of NASDAQ TLN opened at $235.85 on Monday. 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 52-week low of $64.51 and a 52-week high of $258.03. The firm has a 50 day moving average price of $216.08 and a two-hundred day moving average price of $165.28. The stock has a market cap of $11.99 billion, a P/E ratio of 12.63 and a beta of 1.70.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the transaction, the insider now directly owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. This trade represents a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Talen Energy in the third quarter valued at $520,000. JPMorgan Chase & Co. bought a new position in shares of Talen Energy during the third quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Talen Energy during the fourth quarter valued at about $240,000. Roubaix Capital LLC bought a new position in shares of Talen Energy during the third quarter valued at about $11,234,000. Finally, Monarch Alternative Capital LP bought a new position in shares of Talen Energy during the third quarter valued at about $258,448,000. 0.38% of the stock is owned by institutional investors.

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.