Barclays Has Lowered Expectations for Talen Energy (NASDAQ:TLN) Stock Price

Talen Energy (NASDAQ:TLN) had its price target reduced by equities research analysts at Barclays from $293.00 to $282.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target indicates a potential upside of 42.53% from the company’s previous close.

TLN has been the subject of several other research reports. Evercore ISI began coverage on Talen Energy in a research report on Friday, February 21st. They issued an “outperform” rating for the company. Bank of America assumed coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective for the company. Oppenheimer raised their price objective on shares of Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. UBS Group raised their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Daiwa Capital Markets assumed coverage on shares of Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price objective for the company. Eleven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $246.00.

Talen Energy Trading Up 1.1 %

TLN opened at $197.85 on Tuesday. The firm has a market cap of $10.06 billion, a P/E ratio of 10.59, a P/E/G ratio of 2.70 and a beta of 1.70. Talen Energy has a 12 month low of $83.14 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 stock has a 50-day moving average of $222.79 and a 200 day moving average of $181.37.

Insider Activity

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

Hedge Funds Weigh In On Talen Energy

Several institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Talen Energy in the third quarter worth $36,000. Allworth Financial LP raised its stake in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in Talen Energy during the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. purchased a new position in Talen Energy during the fourth quarter valued at approximately $39,000. Finally, Empowered Funds LLC purchased a new position in Talen Energy during the fourth quarter valued at approximately $42,000. 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.