Talen Energy (NASDAQ:TLN) Price Target Cut to $425.00 by Analysts at Barclays

Talen Energy (NASDAQ:TLN) had its target price reduced by Barclays from $457.00 to $425.00 in a report published on Wednesday morning,Benzinga reports. Barclays currently has an overweight rating on the utilities provider’s stock.

TLN has been the topic of a number of other research reports. Wells Fargo & Company raised their price target on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Morgan Stanley increased their price objective on Talen Energy from $443.00 to $470.00 and gave the company an “overweight” rating in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c)” rating on shares of Talen Energy in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $410.58.

Talen Energy Price Performance

TLN traded up $3.70 on Wednesday, reaching $358.32. The company had a trading volume of 53,522 shares, compared to its average volume of 964,180. Talen Energy has a 52-week low of $158.08 and a 52-week high of $451.28. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 77.79, a P/E/G ratio of 0.53 and a beta of 1.98. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. The business has a 50 day simple moving average of $366.12 and a 200 day simple moving average of $383.21.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in Talen Energy during the 4th quarter valued at $27,000. Grove Bank & Trust purchased a new position in shares of Talen Energy in the third quarter valued at about $32,000. Assetmark Inc. raised its stake in shares of Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Talen Energy during the third quarter worth about $34,000. Finally, Advisory Services Network LLC bought a new stake in shares of Talen Energy in the third quarter worth about $35,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).