UBS Group Increases Talen Energy (NASDAQ:TLN) Price Target to $366.00

Talen Energy (NASDAQ:TLN - Get Free Report) had its target price increased by analysts at UBS Group from $296.00 to $366.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "buy" rating on the utilities provider's stock. UBS Group's target price would suggest a potential upside of 24.82% from the company's current price.

TLN has been the subject of a number of other reports. Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price target for the company. Wall Street Zen cut shares of Talen Energy from a "hold" rating to a "sell" rating in a report on Sunday, June 22nd. Raymond James Financial started coverage on shares of Talen Energy in a research note on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective on the stock. Susquehanna reaffirmed an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Finally, Barclays lowered their price objective on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Talen Energy currently has an average rating of "Moderate Buy" and an average target price of $255.25.

Talen Energy Stock Up 0.6%

TLN opened at $293.22 on Friday. The business's fifty day simple moving average is $246.10 and its 200 day simple moving average is $223.51. Talen Energy has a 52 week low of $98.50 and a 52 week high of $300.00. The firm has a market cap of $13.34 billion, a P/E ratio of 30.45, a PEG ratio of 6.91 and a beta of 1.78. The company has a quick ratio of 1.20, a current ratio of 1.62 and a debt-to-equity ratio of 2.52.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.35). The business 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 anticipate that Talen Energy will post 15.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors have recently added to or reduced their stakes in TLN. Vanguard Group Inc. grew its holdings in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock worth $964,302,000 after purchasing an additional 256,414 shares during the last quarter. Fred Alger Management LLC raised its position in shares of Talen Energy by 56.3% during the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider's stock worth $297,937,000 after acquiring an additional 537,398 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in Talen Energy during the 4th quarter valued at approximately $239,984,000. Lone Pine Capital LLC boosted its stake in shares of Talen Energy by 27.2% in the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider's stock valued at $219,477,000 after purchasing an additional 233,165 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Talen Energy by 32.8% during the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider's stock worth $131,455,000 after buying an additional 161,269 shares during the period. 0.38% of the stock is currently 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.

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