Talen Energy (NASDAQ:TLN) Given New $380.00 Price Target at Jefferies Financial Group

Talen Energy (NASDAQ:TLN - Get Free Report) had its price objective increased by equities research analysts at Jefferies Financial Group from $326.00 to $380.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the utilities provider's stock. Jefferies Financial Group's target price would suggest a potential upside of 15.63% from the company's current price.

Other analysts have also issued reports about the stock. Susquehanna restated an "overweight" rating on shares of Talen Energy in a report on Thursday, June 12th. Morgan Stanley boosted their price objective on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a report on Friday. Wall Street Zen upgraded shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, June 30th. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. Finally, Oppenheimer set a $315.00 target price on Talen Energy and gave the company an "outperform" rating in a research report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $289.92.

Talen Energy Trading Up 24.5%

Shares of NASDAQ TLN traded up $64.63 during trading on Friday, hitting $328.63. 4,493,970 shares of the company were exchanged, compared to its average volume of 1,106,557. Talen Energy has a 12-month low of $98.50 and a 12-month high of $330.76. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The company has a fifty day moving average price of $267.33 and a 200-day moving average price of $232.19. The firm has a market capitalization of $14.96 billion, a PE ratio of 34.13, a P/E/G ratio of 6.35 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $556.93 million. Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. As a group, equities research analysts expect that Talen Energy will post 15.94 EPS for the current year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was 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 approximately $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 388,530 shares of company stock worth $114,090,933 over the last three months. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors and hedge funds have recently made changes to their positions in TLN. Truist Financial Corp boosted its holdings in Talen Energy by 37.7% in the second quarter. Truist Financial Corp now owns 5,201 shares of the utilities provider's stock valued at $1,512,000 after purchasing an additional 1,425 shares in the last quarter. Diversified Enterprises LLC acquired a new position in Talen Energy in the second quarter valued at approximately $270,000. Eagle Global Advisors LLC boosted its holdings in Talen Energy by 27.5% in the second quarter. Eagle Global Advisors LLC now owns 4,675 shares of the utilities provider's stock valued at $1,359,000 after purchasing an additional 1,009 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Talen Energy by 24,791.2% in the second quarter. Public Employees Retirement System of Ohio now owns 14,188 shares of the utilities provider's stock valued at $4,125,000 after purchasing an additional 14,131 shares in the last quarter. Finally, Clear Harbor Asset Management LLC boosted its holdings in Talen Energy by 8.3% in the second quarter. Clear Harbor Asset Management LLC now owns 4,500 shares of the utilities provider's stock valued at $1,308,000 after purchasing an additional 345 shares in the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

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.