Talen Energy (NASDAQ:TLN) Price Target Raised to $242.00 at UBS Group

Talen Energy (NASDAQ:TLN) had its price objective increased by UBS Group from $197.00 to $242.00 in a report released on Friday,Benzinga reports. They currently have a buy rating on the utilities provider’s stock.

TLN has been the subject of a number of other reports. JPMorgan Chase & Co. initiated coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target for the company. Oppenheimer increased their price target on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, September 24th. Jefferies Financial Group started coverage on shares of Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target on the stock. Guggenheim raised their price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays decreased their target price on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has a consensus rating of “Buy” and a consensus target price of $210.33.

Talen Energy Trading Down 1.4 %

NASDAQ:TLN traded down $2.81 during trading hours on Friday, hitting $200.43. The stock had a trading volume of 1,019,397 shares, compared to its average volume of 662,408. The company has a market cap of $10.22 billion and a price-to-earnings ratio of 10.73. Talen Energy has a one year low of $53.03 and a one year high of $217.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51. The business’s 50 day moving average is $149.91 and its 200-day moving average is $113.17.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. The company had revenue of $489.00 million for the quarter, compared to analyst estimates of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. Sell-side analysts anticipate that Talen Energy will post 14.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Roubaix Capital LLC acquired a new position in Talen Energy during the 3rd quarter worth about $11,234,000. River Road Asset Management LLC bought a new stake in Talen Energy in the 3rd quarter valued at about $277,653,000. M&G PLC acquired a new stake in shares of Talen Energy in the 3rd quarter worth about $14,797,000. Riggs Asset Managment Co. Inc. bought a new position in shares of Talen Energy in the third quarter valued at approximately $1,001,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in shares of Talen Energy during the third quarter valued at approximately $7,967,000. Institutional investors own 0.38% of the company’s stock.

About Talen Energy

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.