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

Shares of Talen Energy Corporation (NASDAQ:TLN) have received a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $430.0909.

A number of analysts have commented on TLN shares. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research report on Friday, February 20th. Barclays lowered their price objective on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Weiss Ratings lowered Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company raised their target price on Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th.

Institutional Trading of Talen Energy

Large investors have recently modified their holdings of the stock. Amundi bought a new stake in shares of Talen Energy in the 1st quarter valued at $299,000. AQR Capital Management LLC bought a new position in Talen Energy during the first quarter worth $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Talen Energy by 11.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock worth $1,454,000 after acquiring an additional 761 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Talen Energy by 17,400.0% in the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after purchasing an additional 870 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Talen Energy by 15.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 49,050 shares of the utilities provider’s stock valued at $9,794,000 after purchasing an additional 6,498 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Trading Down 4.3%

TLN opened at $320.56 on Monday. Talen Energy has a twelve month low of $158.08 and a twelve month high of $451.28. The company has a fifty day moving average of $366.22 and a 200-day moving average of $382.04. The stock has a market cap of $14.65 billion, a PE ratio of -64.89, a price-to-earnings-growth ratio of 0.49 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.

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).