Talen Energy (NASDAQ:TLN) Price Target Lowered to $265.00 at JPMorgan Chase & Co.

Talen Energy (NASDAQ:TLN) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $295.00 to $265.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 34.19% from the company’s previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley assumed coverage on Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target on the stock. Evercore ISI began coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Bank of America assumed coverage on shares of Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Finally, Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a report on Tuesday, March 4th. Twelve analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $241.09.

Talen Energy Trading Down 2.6 %

NASDAQ:TLN opened at $197.48 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a 50-day simple moving average of $217.31 and a 200-day simple moving average of $191.31. Talen Energy has a one year low of $98.50 and a one year high of $258.03. The firm has a market cap of $8.99 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.70 and a beta of 2.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Fulcrum Equity Management acquired a new position in Talen Energy during the fourth quarter valued at $236,000. California State Teachers Retirement System acquired a new stake in Talen Energy during the 4th quarter worth about $6,200,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Talen Energy during the 4th quarter valued at about $541,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at about $272,000. Finally, Formidable Asset Management LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth about $202,000. 0.38% of the stock is currently 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.