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

Shares of Talen Energy Corporation (NASDAQ:TLN) have been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $438.1667.

A number of equities research analysts recently commented on the company. BNP Paribas Exane started coverage on Talen Energy in a research report on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 price target for the company. Barclays reduced their target price on shares of Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Morgan Stanley set a $474.00 target price on shares of Talen Energy in a report on Friday, February 20th. Wells Fargo & Company raised their price target on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th.

Hedge Funds Weigh In On Talen Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Talen Energy during the fourth quarter valued at approximately $27,000. MAI Capital Management lifted its holdings in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 59 shares during the period. Grove Bank & Trust purchased a new position in Talen Energy in the third quarter worth $32,000. Assetmark Inc. boosted its position in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Talen Energy in the 3rd quarter valued at $34,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Talen Energy Stock Down 1.6%

TLN stock opened at $323.13 on Friday. The firm has a market capitalization of $14.67 billion, a PE ratio of -65.41, a P/E/G ratio of 0.46 and a beta of 1.94. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. Talen Energy has a twelve month low of $162.31 and a twelve month high of $451.28. The stock’s 50 day moving average is $349.81 and its 200-day moving average is $377.10.

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).