Brokerages Set Talen Energy Corporation (NASDAQ:TLN) PT at $222.40

Talen Energy Corporation (NASDAQ:TLN) has received a consensus recommendation of “Buy” from the ten ratings firms that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $225.10.

A number of research firms have weighed in on TLN. Barclays lifted their price target on shares of Talen Energy from $202.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. UBS Group lifted their target price on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Jefferies Financial Group started coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target for the company. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, Guggenheim increased their target price on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th.

Talen Energy Trading Down 2.5 %

Shares of Talen Energy stock opened at $212.71 on Wednesday. Talen Energy has a 1 year low of $62.86 and a 1 year high of $230.89. The company’s fifty day simple moving average is $205.34 and its 200-day simple moving average is $146.76. The company has a market cap of $10.82 billion and a price-to-earnings ratio of 11.39. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the sale, the insider now owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talen Energy

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $36,000. Spirit of America Management Corp NY bought a new position in Talen Energy in the 3rd quarter valued at $214,000. Capital Market Strategies LLC acquired a new stake in shares of Talen Energy in the 4th quarter valued at $252,000. World Equity Group Inc. bought a new stake in shares of Talen Energy during the third quarter worth $237,000. Finally, Everence Capital Management Inc. acquired a new position in shares of Talen Energy during the fourth quarter valued at $276,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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.