Talen Energy (NASDAQ:TLN) Price Target Raised to $330.00 at Morgan Stanley

Talen Energy (NASDAQ:TLN - Get Free Report) had its price target upped by stock analysts at Morgan Stanley from $300.00 to $330.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the utilities provider's stock. Morgan Stanley's price target would indicate a potential upside of 0.42% from the company's previous close.

TLN has been the subject of a number of other research reports. JPMorgan Chase & Co. decreased their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the stock an "outperform" rating in a research report on Friday, July 11th. Raymond James Financial initiated coverage on shares of Talen Energy in a report on Friday, June 13th. They issued an "outperform" rating and a $314.00 target price on the stock. UBS Group increased their price target on Talen Energy from $296.00 to $366.00 and gave the stock a "buy" rating in a report on Friday, June 27th. Finally, Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, June 30th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $289.92.

Talen Energy Stock Performance

Shares of NASDAQ:TLN traded up $64.63 during trading on Friday, reaching $328.63. 4,493,970 shares of the stock 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 stock has a 50-day moving average price of $267.33 and a 200-day moving average price of $232.19. 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 cap of $14.96 billion, a PE ratio of 34.13, a PEG ratio of 6.35 and a beta of 1.85.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share 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 company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. Research analysts expect that Talen Energy will post 15.94 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the firm's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $296.04, for a total value of $52,695,120.00. Following the sale, the insider directly owned 5,734,970 shares in the company, valued at approximately $1,697,780,518.80. This trade represents a 3.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 388,530 shares of company stock worth $114,090,933. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Talen Energy

Institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. grew its position in shares of Talen Energy by 4.4% in the first quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock valued at $263,000 after purchasing an additional 55 shares during the period. IFP Advisors Inc boosted its position in shares of Talen Energy by 42.4% during the 1st quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock valued at $38,000 after acquiring an additional 56 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Talen Energy by 2.7% in the 1st quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after buying an additional 88 shares during the period. Signaturefd LLC increased its holdings 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 buying an additional 93 shares during the last quarter. Finally, LRI Investments LLC raised its position 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 valued at $35,000 after buying an additional 111 shares during the period. 0.38% of the stock is owned by hedge funds and other 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.