JPMorgan Chase & Co. Issues Pessimistic Forecast for Talen Energy (NASDAQ:TLN) Stock Price

Talen Energy (NASDAQ:TLN) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $448.00 to $421.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 23.80% from the stock’s current price.

A number of other research analysts also recently commented on TLN. Weiss Ratings downgraded shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. Morgan Stanley set a $474.00 price target on Talen Energy in a research report on Friday, February 20th. BNP Paribas Exane began coverage on Talen Energy in a research note on Wednesday. They issued an “outperform” rating and a $548.00 price objective on the stock. Wells Fargo & Company raised their price objective on Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Barclays reduced their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, February 11th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $438.17.

Talen Energy Stock Up 0.4%

Shares of NASDAQ TLN traded up $1.47 during trading hours on Thursday, hitting $340.07. The company had a trading volume of 380,931 shares, compared to its average volume of 885,973. Talen Energy has a 1-year low of $162.31 and a 1-year high of $451.28. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. The firm’s 50 day moving average is $356.72 and its 200-day moving average is $379.60. The stock has a market capitalization of $15.54 billion, a P/E ratio of -68.84, a price-to-earnings-growth ratio of 0.47 and a beta of 1.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TLN. State Street Corp lifted its position in shares of Talen Energy by 88.2% during the 3rd quarter. State Street Corp now owns 1,338,698 shares of the utilities provider’s stock valued at $569,455,000 after acquiring an additional 627,467 shares during the period. Norges Bank bought a new stake in Talen Energy during the fourth quarter worth about $225,930,000. Invesco Ltd. grew its stake in Talen Energy by 77.5% during the third quarter. Invesco Ltd. now owns 1,063,024 shares of the utilities provider’s stock worth $452,189,000 after buying an additional 464,014 shares in the last quarter. Sachem Head Capital Management LP increased its holdings in Talen Energy by 72.4% in the 4th quarter. Sachem Head Capital Management LP now owns 1,000,000 shares of the utilities provider’s stock valued at $374,840,000 after buying an additional 420,000 shares during the period. Finally, Deltroit Asset Management UK LLP acquired a new position in shares of Talen Energy in the 4th quarter valued at approximately $103,081,000. 0.38% of the stock is owned by institutional investors.

About Talen Energy

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).