Talen Energy (NASDAQ:TLN) Price Target Raised to $399.00 at UBS Group

Talen Energy (NASDAQ:TLN - Free Report) had its price target hoisted by UBS Group from $366.00 to $399.00 in a research report report published on Friday,Benzinga reports. They currently have a buy rating on the utilities provider's stock.

A number of other brokerages also recently issued reports on TLN. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, June 30th. Morgan Stanley raised their target price on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday. Barclays raised their target price on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a report on Friday. Finally, Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research note on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Talen Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $289.92.

Talen Energy Stock Up 24.5%

TLN traded up $64.63 during trading hours on Friday, hitting $328.63. 4,493,970 shares of the company's stock were exchanged, compared to its average volume of 1,109,795. Talen Energy has a 12-month low of $98.50 and a 12-month high of $330.99. The firm has a 50 day moving average of $267.33 and a 200 day moving average of $232.55. The firm has a market cap of $14.96 billion, a P/E ratio of 34.13, a price-to-earnings-growth ratio of 7.92 and a beta of 1.85. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The firm had revenue of $390.00 million during the quarter, compared to analysts' expectations of $556.93 million. Analysts predict that Talen Energy will post 15.94 EPS for the current fiscal year.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the transaction, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This represents a 3.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 388,530 shares of company stock valued at $114,090,933.

Institutional Investors Weigh In On Talen Energy

Large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $201,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $111,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Talen Energy during the fourth quarter worth approximately $481,000. Teacher Retirement System of Texas acquired a new position in shares of Talen Energy in the fourth quarter valued at $409,000. Finally, Magnetar Financial LLC acquired a new position in shares of Talen Energy in the fourth quarter valued at $824,000. Institutional investors own 0.38% of the company's stock.

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.