Talen Energy Corporation (NASDAQ:TLN) Given Consensus Recommendation of "Buy" by Brokerages

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) has earned a consensus recommendation of "Buy" from the twelve analysts that are presently covering the stock, MarketBeat reports. Twelve equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have covered the stock in the last year is $240.18.

Several equities analysts recently issued reports on the stock. Evercore ISI began coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research report on Wednesday, March 5th. Finally, Bank of America assumed coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target on the stock.

Hedge Funds Weigh In On Talen Energy

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC purchased a new position in Talen Energy in the third quarter valued at about $304,000. JPMorgan Chase & Co. purchased a new stake in shares of Talen Energy during the 3rd quarter valued at about $23,482,000. Everence Capital Management Inc. purchased a new stake in shares of Talen Energy during the 4th quarter valued at about $276,000. Capital Market Strategies LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $252,000. Finally, Harbor Capital Advisors Inc. purchased a new position in Talen Energy in the 4th quarter worth approximately $1,365,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

Talen Energy stock traded down $3.35 during midday trading on Tuesday, reaching $225.26. 801,933 shares of the company were exchanged, compared to its average volume of 1,106,060. The firm's 50-day simple moving average is $203.56 and its 200-day simple moving average is $209.78. Talen Energy has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of 12.06, 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.

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.