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

Talen Energy Corporation (NASDAQ:TLN) has earned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $458.7692.

TLN has been the topic of a number of research reports. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price on the stock. Morgan Stanley restated an “overweight” rating and set a $508.00 price target on shares of Talen Energy in a report on Wednesday, June 24th. Barclays boosted their price objective on Talen Energy from $408.00 to $411.00 and gave the company an “overweight” rating in a research note on Tuesday, May 19th. Raymond James Financial reissued an “outperform” rating and set a $457.00 target price on shares of Talen Energy in a research note on Monday, April 27th. Finally, Jefferies Financial Group cut Talen Energy from a “buy” rating to a “hold” rating and set a $453.00 price objective for the company. in a research note on Tuesday, June 23rd.

Talen Energy Stock Performance

Talen Energy stock opened at $384.44 on Friday. The stock has a market cap of $18.41 billion, a PE ratio of -573.78 and a beta of 1.82. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32. The business’s 50-day moving average price is $377.82 and its two-hundred day moving average price is $361.79. Talen Energy has a 12-month low of $255.50 and a 12-month high of $451.28.

Insider Buying and Selling

In other Talen Energy news, Director Gizman I. Abbas sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $380.00, for a total transaction of $988,000.00. Following the completion of the sale, the director directly owned 2,606 shares of the company’s stock, valued at approximately $990,280. The trade was a 49.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.78% of the company’s stock.

Institutional Trading of Talen Energy

Several institutional investors have recently made changes to their positions in the company. Fred Alger Management LLC grew its position in Talen Energy by 8.4% in the 4th quarter. Fred Alger Management LLC now owns 1,804,094 shares of the utilities provider’s stock worth $676,247,000 after purchasing an additional 140,345 shares in the last quarter. Reaves W H & Co. Inc. boosted its position in Talen Energy by 7.9% in the fourth quarter. Reaves W H & Co. Inc. now owns 1,521,697 shares of the utilities provider’s stock worth $570,393,000 after purchasing an additional 111,160 shares during the last quarter. Invesco Ltd. grew its stake in Talen Energy by 35.6% in the 4th quarter. Invesco Ltd. now owns 1,441,381 shares of the utilities provider’s stock valued at $540,287,000 after purchasing an additional 378,357 shares during the period. State Street Corp grew its position in Talen Energy by 88.2% during the third quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after buying an additional 627,467 shares during the period. Finally, Lone Pine Capital LLC grew its position in shares of Talen Energy by 9.5% during the 3rd quarter. Lone Pine Capital LLC now owns 1,192,516 shares of the utilities provider’s stock valued at $507,272,000 after acquiring an additional 103,136 shares during the period. Institutional investors own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).