Talen Energy (NASDAQ:TLN) Stock Price Up 5.2% – Here’s What Happened

Talen Energy Corporation (NASDAQ:TLN)’s stock price rose 5.2% during mid-day trading on Thursday . The company traded as high as $217.79 and last traded at $217.23. Approximately 466,840 shares were traded during trading, a decline of 29% from the average daily volume of 654,849 shares. The stock had previously closed at $206.52.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TLN shares. Royal Bank of Canada began coverage on Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective for the company. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They issued a “buy” rating and a $226.00 price target on the stock. BWS Financial boosted their price objective on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. JPMorgan Chase & Co. started coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price target on the stock. Finally, UBS Group began coverage on shares of Talen Energy in a report on Wednesday, September 18th. They issued a “buy” rating and a $197.00 target price on the stock. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $205.33.

Talen Energy Trading Down 2.1 %

The stock’s 50 day moving average is $146.52 and its 200-day moving average is $111.65. 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 earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($1.14) by $1.33. The firm had revenue of $489.00 million for the quarter, compared to the consensus estimate of $437.50 million. Talen Energy had a return on equity of 2.27% and a net margin of 41.79%. On average, equities research analysts predict that Talen Energy Corporation will post 14.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TLN. Roubaix Capital LLC bought a new position in shares of Talen Energy during the third quarter valued at approximately $11,234,000. River Road Asset Management LLC bought a new position in Talen Energy in the 3rd quarter valued at $277,653,000. M&G PLC purchased a new stake in Talen Energy in the third quarter worth $14,797,000. Riggs Asset Managment Co. Inc. bought a new stake in shares of Talen Energy during the third quarter worth $1,001,000. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of Talen Energy during the third quarter valued at $7,967,000. 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.