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

Talen Energy (NASDAQ:TLN) had its price target dropped by equities researchers at Barclays from $457.00 to $425.00 in a report issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price points to a potential upside of 15.55% from the company’s current price.

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

Talen Energy Price Performance

TLN opened at $367.81 on Wednesday. The company has a market capitalization of $16.81 billion, a P/E ratio of 79.61, a PEG ratio of 0.53 and a beta of 1.98. The company has a 50-day moving average of $366.12 and a 200-day moving average of $383.10. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29. Talen Energy has a 1-year low of $158.08 and a 1-year high of $451.28.

Institutional Investors Weigh In On Talen Energy

A number of large investors have recently made changes to their positions in TLN. Atlantic Union Bankshares Corp purchased a new stake in shares of Talen Energy in the second quarter valued at $27,000. Flagship Harbor Advisors LLC purchased a new position in shares of Talen Energy during the fourth quarter valued at $27,000. MAI Capital Management raised its position in Talen Energy by 115.7% during the second quarter. MAI Capital Management now owns 110 shares of the utilities provider’s stock valued at $32,000 after buying an additional 59 shares during the period. Grove Bank & Trust purchased a new stake in Talen Energy in the 3rd quarter worth about $32,000. Finally, Assetmark Inc. lifted its stake in Talen Energy by 581.8% in the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

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).