Talen Energy (NASDAQ:TLN) Price Target Cut to $265.00 by Analysts at JPMorgan Chase & Co.

Talen Energy (NASDAQ:TLN) had its price target lowered by JPMorgan Chase & Co. from $295.00 to $265.00 in a report released on Friday morning,Benzinga reports. The firm currently has an overweight rating on the utilities provider’s stock.

Several other research firms have also recently weighed in on TLN. Evercore ISI assumed coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. Barclays decreased their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a research report on Tuesday, March 4th. Oppenheimer raised their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Daiwa Capital Markets set a $200.00 price target on Talen Energy in a report on Wednesday, March 5th. Finally, Morgan Stanley assumed coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy presently has an average rating of “Buy” and an average target price of $241.09.

Talen Energy Stock Performance

TLN opened at $197.48 on Friday. The business’s 50-day simple moving average is $217.31 and its 200 day simple moving average is $191.82. Talen Energy has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a market capitalization of $8.99 billion, a PE ratio of 10.57, a PEG ratio of 2.70 and a beta of 2.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in Talen Energy in the 3rd quarter valued at about $520,000. JPMorgan Chase & Co. bought a new stake in Talen Energy during the third quarter worth $23,482,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy in the 4th quarter valued at $240,000. Monarch Alternative Capital LP acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $258,448,000. Finally, First Sabrepoint Capital Management LP bought a new position in shares of Talen Energy in the 3rd quarter valued at $6,238,000. Institutional investors own 0.38% of the company’s stock.

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.