Talen Energy (NASDAQ:TLN) Hits New 1-Year High – Here’s Why

Talen Energy Corporation (NASDAQ:TLN) shares hit a new 52-week high on Wednesday . The stock traded as high as $216.95 and last traded at $215.28, with a volume of 16336 shares. The stock had previously closed at $208.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer upped their target price on shares of 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 increased their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Guggenheim upped their target price on shares of Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada assumed coverage on shares of Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 target price for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has an average rating of “Buy” and an average target price of $205.33.

Talen Energy Stock Down 1.6 %

The stock’s fifty day moving average price is $148.25 and its 200-day moving average price is $112.27. The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02.

Talen Energy (NASDAQ:TLN) last posted 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. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The firm had revenue of $489.00 million during the quarter, compared to the consensus estimate of $437.50 million. On average, equities research analysts forecast that Talen Energy Corporation will post 14.66 EPS for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in Talen Energy during the third quarter worth approximately $36,000. Spirit of America Management Corp NY purchased a new position in shares of Talen Energy in the third quarter valued at $214,000. World Equity Group Inc. purchased a new position in shares of Talen Energy in the third quarter valued at $237,000. Point72 Hong Kong Ltd acquired a new stake in Talen Energy in the third quarter valued at $257,000. Finally, Guidance Capital Inc. acquired a new stake in Talen Energy in the third quarter valued at $348,000. 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.