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

Shares of Talen Energy Corporation (NASDAQ:TLN) have been assigned an average rating of “Buy” from the eleven brokerages that are covering the stock, Marketbeat.com reports. Eleven analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $247.10.

A number of equities research analysts recently commented on TLN shares. Barclays boosted their target price on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Daiwa Capital Markets started coverage on Talen Energy in a research report on Wednesday, December 4th. They issued a “buy” rating and a $248.00 target price on the stock. Bank of America started coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Finally, Evercore ISI started coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating on the stock.

Talen Energy Stock Performance

NASDAQ TLN opened at $217.71 on Thursday. The firm has a market cap of $11.07 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.70 and a beta of 1.70. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business has a 50-day moving average price of $222.89 and a 200-day moving average price of $178.50. Talen Energy has a twelve month low of $70.00 and a twelve month high of $258.03.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the sale, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently modified their holdings of TLN. Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy in the third quarter worth approximately $29,464,000. Guidance Capital Inc. bought a new position in Talen Energy in the third quarter worth approximately $348,000. Mcdaniel Terry & Co. bought a new position in Talen Energy in the third quarter worth approximately $371,000. Spirit of America Management Corp NY purchased a new position in Talen Energy during the 3rd quarter worth $214,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in Talen Energy during the 3rd quarter worth $361,000. 0.38% of the stock is currently owned by hedge funds and other 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.