Talen Energy (NASDAQ:TLN) Stock Price Expected to Rise, UBS Group Analyst Says

Talen Energy (NASDAQ:TLN) had its price target increased by equities researchers at UBS Group from $197.00 to $242.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. UBS Group’s target price points to a potential upside of 22.28% from the stock’s current price.

TLN has been the subject of a number of other reports. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Royal Bank of Canada started coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective for the company. BWS Financial increased their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price on the stock. Finally, Oppenheimer increased their target price on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $210.33.

Talen Energy Stock Performance

NASDAQ TLN traded down $5.34 during trading on Friday, reaching $197.90. The company’s stock had a trading volume of 120,894 shares, compared to its average volume of 658,362. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51. Talen Energy has a 12 month low of $53.03 and a 12 month high of $217.79. The firm has a 50 day moving average price of $148.25 and a 200 day moving average price of $112.27.

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The company had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. Sell-side analysts expect that Talen Energy will post 14.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Talen Energy

A number of large investors have recently modified their holdings of TLN. BNP Paribas Financial Markets bought a new stake in Talen Energy during the third quarter valued at approximately $36,000. Spirit of America Management Corp NY bought a new stake in shares of Talen Energy in the 3rd quarter worth approximately $214,000. World Equity Group Inc. bought a new position in shares of Talen Energy during the 3rd quarter valued at $237,000. Point72 Hong Kong Ltd purchased a new position in Talen Energy in the 3rd quarter worth $257,000. Finally, Guidance Capital Inc. bought a new stake in Talen Energy in the third quarter worth $348,000. 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.