Talen Energy (NASDAQ:TLN) Trading Up 7.1% – What’s Next?

Talen Energy Corporation (NASDAQ:TLN) shares rose 7.1% during trading on Tuesday . The company traded as high as $185.00 and last traded at $182.15. Approximately 529,556 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 630,241 shares. The stock had previously closed at $170.00.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Oppenheimer raised their price objective on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 24th. BWS Financial upped their target price on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Guggenheim raised their price target on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $205.33.

Talen Energy Trading Up 10.1 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The stock has a 50-day simple moving average of $134.39 and a 200-day simple moving average of $105.44.

Talen Energy (NASDAQ:TLN) last released its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.14) by $1.33. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. The firm had revenue of $489.00 million for the quarter, compared to analysts’ expectations of $437.50 million. As a group, equities analysts anticipate that Talen Energy Corporation will post 14.65 earnings per share for the current fiscal year.

Institutional Trading of Talen Energy

A number of hedge funds have recently made changes to their positions in the company. Shikiar Asset Management Inc. acquired a new position in shares of Talen Energy in the second quarter worth approximately $278,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Talen Energy during the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Talen Energy during the third quarter valued at approximately $7,967,000. Guidance Capital Inc. bought a new stake in shares of Talen Energy during the third quarter valued at approximately $348,000. Finally, Mcdaniel Terry & Co. bought a new stake in shares of Talen Energy during the third quarter valued at approximately $371,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Company Profile

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.