Brokerages Set Talen Energy Corporation (NASDAQ:TLN) PT at $246.33

Talen Energy Corporation (NASDAQ:TLN) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued a report on the stock in the last year is $255.25.

A number of equities analysts recently issued reports on TLN shares. Raymond James Financial started coverage on Talen Energy in a report on Friday, June 13th. They set an “outperform” rating and a $314.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, March 28th. Barclays decreased their target price on Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Susquehanna reaffirmed an “overweight” rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th.

Insider Transactions at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the transaction, the insider now directly owns 5,734,970 shares of the company’s stock, valued at approximately $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders sold 388,530 shares of company stock valued at $114,090,933. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after acquiring an additional 256,414 shares in the last quarter. Rhumbline Advisers grew its stake in Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock worth $1,114,000 after buying an additional 1,503 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in Talen Energy by 28.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider’s stock worth $2,045,000 after buying an additional 2,233 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Talen Energy during the 4th quarter worth $1,986,000. Finally, Artemis Wealth Advisors LLC purchased a new position in Talen Energy during the 4th quarter worth $806,000. 0.38% of the stock is owned by institutional investors.

Talen Energy Price Performance

TLN opened at $297.88 on Wednesday. The business has a fifty day moving average of $247.98 and a 200 day moving average of $224.16. Talen Energy has a 52-week low of $98.50 and a 52-week high of $300.00. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52. The stock has a market cap of $13.56 billion, a P/E ratio of 30.93, a PEG ratio of 6.99 and a beta of 1.78.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The business had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $556.93 million. As a group, sell-side analysts anticipate that Talen Energy will post 15.94 EPS for the current year.

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.