Talen Energy (NASDAQ:TLN) Research Coverage Started at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Talen Energy (NASDAQ:TLN) in a research report report published on Wednesday morning, Marketbeat reports. The brokerage issued an outperform rating and a $548.00 target price on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on the company. Barclays decreased their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Wells Fargo & Company increased their target price on shares of Talen Energy from $445.00 to $506.00 and gave the stock an “overweight” rating in a report on Tuesday, January 20th. Morgan Stanley set a $474.00 price target on shares of Talen Energy in a research note on Friday, February 20th. Finally, Weiss Ratings lowered shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 27th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $438.17.

Talen Energy Trading Down 10.9%

Shares of TLN opened at $302.97 on Wednesday. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. Talen Energy has a 52-week low of $162.31 and a 52-week high of $451.28. The firm has a market cap of $13.84 billion, a price-to-earnings ratio of -61.33, a PEG ratio of 0.49 and a beta of 1.94. The business’s fifty day moving average is $355.05 and its 200-day moving average is $378.80.

Hedge Funds Weigh In On Talen Energy

A number of institutional investors have recently added to or reduced their stakes in TLN. Flagship Harbor Advisors LLC purchased a new position in shares of Talen Energy during the fourth quarter worth about $27,000. Grove Bank & Trust bought a new position in shares of Talen Energy in the third quarter worth approximately $32,000. Assetmark Inc. raised its stake in Talen Energy by 581.8% in the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Neo Ivy Capital Management bought a new stake in Talen Energy during the third quarter valued at approximately $34,000. Finally, Advisory Services Network LLC bought a new stake in Talen Energy during the third quarter valued at approximately $35,000. 0.38% of the stock is currently owned by 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).