Barclays Issues Positive Forecast for Talen Energy (NASDAQ:TLN) Stock Price

Talen Energy (NASDAQ:TLN - Free Report) had its price target lifted by Barclays from $269.00 to $359.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the utilities provider's stock.

Several other analysts also recently issued reports on the stock. UBS Group lifted 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. Morgan Stanley lifted their price target on shares of Talen Energy from $300.00 to $330.00 and gave the company an "overweight" rating in a research report on Friday. Raymond James Financial began coverage on shares of Talen Energy in a research report on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target for the company. Oppenheimer set a $315.00 price objective on Talen Energy and gave the company an "outperform" rating in a research note on Friday, July 11th. Finally, Susquehanna restated 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 hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $289.92.

Talen Energy Stock Up 24.5%

NASDAQ TLN traded up $64.63 during mid-day trading on Friday, hitting $328.63. The company's stock had a trading volume of 4,493,970 shares, compared to its average volume of 1,106,557. The company's 50 day simple moving average is $267.33 and its 200 day simple moving average is $232.19. Talen Energy has a twelve month low of $98.50 and a twelve month high of $330.76. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The firm has a market capitalization of $14.96 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 6.35 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly 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). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The business had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Analysts anticipate that Talen Energy will post 15.94 earnings per share for the current year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of Talen Energy stock in a transaction on 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 sale, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 388,530 shares of company stock worth $114,090,933. Insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Talen Energy

A number of hedge funds have recently made changes to their positions in TLN. Signaturefd LLC raised its stake in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock worth $25,000 after purchasing an additional 93 shares during the period. Brooklyn Investment Group bought a new stake in shares of Talen Energy during the 1st quarter worth $25,000. Golden State Wealth Management LLC bought a new stake in shares of Talen Energy during the 1st quarter worth $35,000. LRI Investments LLC raised its stake in shares of Talen Energy by 179.0% during the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after purchasing an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Talen Energy during the 1st quarter worth $35,000. 0.38% of the stock is currently owned by institutional investors.

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.