Talen Energy (NASDAQ:TLN) Now Covered by Analysts at Evercore ISI

Research analysts at Evercore ISI assumed coverage on shares of Talen Energy (NASDAQ:TLN) in a report released on Friday, MarketBeat reports. The brokerage set an “outperform” rating on the utilities provider’s stock.

TLN has been the subject of a number of other reports. Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price target for the company. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Barclays upped their target price on Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, UBS Group upped their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $247.10.

Talen Energy Price Performance

TLN stock opened at $218.80 on Friday. The firm has a 50 day moving average of $222.20 and a 200-day moving average of $176.32. Talen Energy has a 12-month low of $67.55 and a 12-month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company has a market cap of $11.13 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.70 and a beta of 1.70.

Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the transaction, the insider now owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. This represents a 43.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TLN. XTX Topco Ltd acquired a new stake in shares of Talen Energy during the 3rd quarter worth $520,000. JPMorgan Chase & Co. acquired a new stake in shares of Talen Energy during the 3rd quarter worth $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy during the 4th quarter worth $240,000. Roubaix Capital LLC acquired a new stake in shares of Talen Energy during the 3rd quarter worth $11,234,000. Finally, Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy during the 3rd quarter worth $258,448,000. 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.