Talen Energy (NASDAQ:TLN) Price Target Raised to $442.00

Key Points

• JPMorgan Chase & Co. raised Talen Energy's target price to $442.00, indicating a potential upside of 7.29% from the stock's previous close.
• The company reported $1.50 EPS for its last quarter, significantly exceeding analysts' expectations of a loss, with revenue of $630.00 million compared to estimates of $481.48 million.
• Talen Energy has an average rating of "Moderate Buy" from analysts, with thirteen analysts giving it a Buy rating and an average target price of $390.46.

Talen Energy (NASDAQ:TLN - Get Free Report) had its target price hoisted by JPMorgan Chase & Co. from $432.00 to $442.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 7.29% from the stock's previous close.

Other analysts have also recently issued research reports about the company. UBS Group set a $431.00 target price on Talen Energy and gave the company a "buy" rating in a research report on Friday, July 25th. Barclays increased their target price on Talen Energy from $418.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, September 11th. Morgan Stanley increased their target price on Talen Energy from $330.00 to $430.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Wall Street Zen raised Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, August 11th. Finally, Melius began coverage on Talen Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $427.00 target price on the stock. Thirteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Talen Energy presently has an average rating of "Moderate Buy" and an average target price of $390.46.

Talen Energy Trading Up 1.4%

NASDAQ:TLN traded up $5.53 during midday trading on Monday, hitting $411.98. The stock had a trading volume of 96,646 shares, compared to its average volume of 1,119,042. Talen Energy has a one year low of $158.08 and a one year high of $451.28. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of 116.39, a PEG ratio of 2.24 and a beta of 1.88. The stock has a 50-day moving average of $400.59 and a 200 day moving average of $311.79. The company has a quick ratio of 1.34, a current ratio of 1.84 and a debt-to-equity ratio of 2.39.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The utilities provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.13) by $2.63. Talen Energy had a return on equity of 17.81% and a net margin of 8.75%.The company had revenue of $630.00 million for the quarter, compared to analysts' expectations of $481.48 million. As a group, sell-side analysts forecast that Talen Energy will post 15.94 EPS for the current year.

Institutional Trading of Talen Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Fred Alger Management LLC lifted its holdings in shares of Talen Energy by 56.3% during the 1st quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider's stock valued at $297,937,000 after purchasing an additional 537,398 shares during the last quarter. Geode Capital Management LLC raised its stake in Talen Energy by 26.1% in the 2nd quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider's stock worth $231,150,000 after acquiring an additional 164,734 shares during the last quarter. Third Point LLC raised its stake in Talen Energy by 34.2% in the 2nd quarter. Third Point LLC now owns 785,000 shares of the utilities provider's stock worth $228,254,000 after acquiring an additional 200,000 shares during the last quarter. State Street Corp raised its stake in Talen Energy by 151.0% in the 2nd quarter. State Street Corp now owns 711,231 shares of the utilities provider's stock worth $206,805,000 after acquiring an additional 427,910 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Talen Energy by 18.9% in the 2nd quarter. Invesco Ltd. now owns 599,010 shares of the utilities provider's stock worth $174,174,000 after acquiring an additional 95,147 shares during the last quarter. Hedge funds and other 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.

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