Analysts Set Talen Energy Corporation (NASDAQ:TLN) Target Price at $240.18

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) have been given an average rating of "Buy" by the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $240.18.

Several equities research analysts recently issued reports on TLN shares. Evercore ISI started coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating on the stock. Barclays dropped their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. UBS Group dropped their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Finally, Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

Talen Energy Stock Up 1.9%

Shares of TLN traded up $4.61 on Friday, hitting $248.56. 748,120 shares of the stock traded hands, compared to its average volume of 1,079,568. The company has a market capitalization of $11.31 billion, a PE ratio of 13.31, a P/E/G ratio of 2.70 and a beta of 1.90. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The business has a 50 day simple moving average of $216.58 and a 200 day simple moving average of $215.51. Talen Energy has a one year low of $98.50 and a one year high of $258.03.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. As a group, equities analysts forecast that Talen Energy will post 15.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 93 shares during the period. Brooklyn Investment Group bought a new stake in shares of Talen Energy during the 1st quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in shares of Talen Energy during the 1st quarter valued at $35,000. LRI Investments LLC raised its position in shares of Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock valued at $35,000 after purchasing an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Talen Energy during the 1st quarter valued at $35,000. 0.38% of the stock is currently owned by institutional investors.

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.