UBS Group Cuts Talen Energy (NASDAQ:TLN) Price Target to $259.00

Talen Energy (NASDAQ:TLN) had its target price decreased by UBS Group from $275.00 to $259.00 in a report issued on Friday,Benzinga reports. UBS Group currently has a buy rating on the utilities provider’s stock.

Other equities research analysts also recently issued reports about the company. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Bank of America started coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price objective on the stock. JPMorgan Chase & Co. lowered their target price on Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Finally, Barclays cut their price target on Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $240.18.

Talen Energy Stock Performance

NASDAQ:TLN opened at $198.04 on Friday. Talen Energy has a twelve month low of $98.50 and a twelve month high of $258.03. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 2.70 and a beta of 1.93. 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 firm’s fifty day simple moving average is $209.05 and its 200 day simple moving average is $197.63.

Institutional Investors Weigh In On Talen Energy

Several hedge funds and other institutional investors have recently bought and sold shares of TLN. William Blair Investment Management LLC acquired a new position in shares of Talen Energy in the 4th quarter worth $239,984,000. Fred Alger Management LLC grew its holdings in shares of Talen Energy by 152.9% during the fourth quarter. Fred Alger Management LLC now owns 954,747 shares of the utilities provider’s stock valued at $192,353,000 after buying an additional 577,257 shares in the last quarter. Geode Capital Management LLC acquired a new position in Talen Energy during the third quarter valued at $100,317,000. Pictet Asset Management Holding SA acquired a new stake in Talen Energy during the 4th quarter worth about $101,931,000. Finally, Clearbridge Investments LLC purchased a new position in Talen Energy during the 4th quarter valued at about $88,065,000. 0.38% of the stock is currently owned by 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.