Talen Energy (NASDAQ:TLN) Stock Price Expected to Rise, Oppenheimer Analyst Says

Talen Energy (NASDAQ:TLN - Free Report) had its price objective boosted by Oppenheimer from $250.00 to $315.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an outperform rating on the utilities provider's stock.

TLN has been the subject of several other research reports. Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a research note on Monday, June 30th. JPMorgan Chase & Co. cut their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Raymond James Financial assumed coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target for the company. UBS Group upped their price target on shares of Talen Energy from $296.00 to $366.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Finally, Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $260.67.

Talen Energy Price Performance

Shares of NASDAQ:TLN traded up $8.55 on Friday, hitting $276.17. The company's stock had a trading volume of 1,018,693 shares, compared to its average volume of 1,086,039. Talen Energy has a 1 year low of $98.50 and a 1 year high of $301.70. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The company has a market capitalization of $12.57 billion, a PE ratio of 28.68, a PEG ratio of 6.42 and a beta of 1.85. The company has a 50-day simple moving average of $262.04 and a 200 day simple moving average of $229.49.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.35). The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. Sell-side analysts forecast that Talen Energy will post 15.94 EPS for the current fiscal year.

Insider Buying and Selling at Talen Energy

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the transaction, the insider directly owned 5,734,970 shares of the company's stock, valued at $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 388,530 shares of company stock valued at $114,090,933. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TLN. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy in the 4th quarter worth approximately $239,984,000. Third Point LLC bought a new stake in Talen Energy in the first quarter worth $116,807,000. Fred Alger Management LLC boosted its holdings in Talen Energy by 152.9% in the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider's stock worth $192,353,000 after acquiring an additional 577,257 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of Talen Energy in the fourth quarter worth $101,931,000. Finally, Clearbridge Investments LLC bought a new position in shares of Talen Energy during the fourth quarter valued at $88,065,000. 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.