Barclays Cuts Talen Energy (NASDAQ:TLN) Price Target to $425.00

Talen Energy (NASDAQ:TLN) had its target price decreased by Barclays from $457.00 to $425.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

A number of other equities research analysts have also recently commented on TLN. Weiss Ratings reiterated a “hold (c)” rating on shares of Talen Energy in a report on Wednesday, January 21st. Morgan Stanley upped their price objective on Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Wells Fargo & Company lifted their target price on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. boosted their price target on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $410.58.

Talen Energy Stock Performance

Shares of Talen Energy stock opened at $376.70 on Wednesday. Talen Energy has a 1 year low of $158.08 and a 1 year high of $451.28. The firm’s 50-day moving average is $366.57 and its 200 day moving average is $383.22. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 81.54, a PEG ratio of 0.55 and a beta of 1.98. The company has a debt-to-equity ratio of 2.02, a current ratio of 2.29 and a quick ratio of 1.72.

Institutional Investors Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new stake in Talen Energy during the fourth quarter valued at about $27,000. Grove Bank & Trust bought a new position in shares of Talen Energy during the 3rd quarter valued at approximately $32,000. Assetmark Inc. increased its holdings in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Talen Energy during the 3rd quarter worth approximately $34,000. Finally, Advisory Services Network LLC purchased a new position in Talen Energy during the third quarter valued at approximately $35,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

About Talen Energy

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).