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

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

Wall Street Analyst Weigh In

Several analysts recently commented on TLN shares. Oppenheimer raised their price target on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Guggenheim lifted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group initiated coverage on shares of Talen Energy in a report on Friday, September 13th. They issued a “buy” rating and a $226.00 target price on the stock. JPMorgan Chase & Co. began coverage on Talen Energy in a research report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Finally, Royal Bank of Canada started coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $205.33.

Talen Energy Trading Up 10.1 %

The business’s 50-day moving average price is $134.39 and its two-hundred day moving average price is $105.44. The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02.

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

Institutional Investors Weigh In On Talen Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. River Road Asset Management LLC bought a new stake in Talen Energy during the 3rd quarter worth about $277,653,000. Yacktman Asset Management LP acquired a new position in shares of Talen Energy during the 3rd quarter worth about $79,299,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $29,464,000. M&G PLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $14,797,000. Finally, Roubaix Capital LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $11,234,000. 0.38% of the stock is owned by institutional investors.

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.