Talen Energy (NASDAQ:TLN) Reaches New 12-Month High – Here’s What Happened

Talen Energy Corporation (NASDAQ:TLN)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $197.98 and last traded at $196.09, with a volume of 29367 shares changing hands. The stock had previously closed at $189.73.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of research reports. Guggenheim raised their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. began coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price on the stock. BWS Financial lifted their target price on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Oppenheimer raised their target price on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Finally, Royal Bank of Canada started coverage on Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target on the stock. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $205.33.

Talen Energy Trading Down 0.8 %

The stock’s 50 day simple moving average is $135.89 and its two-hundred day simple moving average is $106.29. The company has a debt-to-equity ratio of 1.02, a quick ratio of 3.86 and a current ratio of 4.51.

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

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently bought and sold shares of the stock. Spirit of America Management Corp NY acquired a new position in Talen Energy in the third quarter worth approximately $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the 3rd quarter valued at approximately $237,000. Shikiar Asset Management Inc. acquired a new stake in Talen Energy during the second quarter valued at $278,000. Guidance Capital Inc. bought a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $348,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth $361,000. Institutional investors and hedge funds 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.