Talen Energy (NASDAQ:TLN) Trading Down 4.3% – Should You Sell?

Talen Energy Corporation (NASDAQ:TLN) dropped 4.3% on Monday . The company traded as low as $352.65 and last traded at $349.6620. Approximately 43,053 shares changed hands during trading, a decline of 95% from the average daily volume of 833,214 shares. The stock had previously closed at $365.35.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TLN shares. BNP Paribas Exane initiated coverage on Talen Energy in a research note on Wednesday, March 18th. They issued an “outperform” rating and a $548.00 target price on the stock. Barclays set a $408.00 price target on shares of Talen Energy in a research report on Monday. Weiss Ratings downgraded shares of Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research report on Friday, February 27th. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating for the company in a research note on Thursday, March 19th. Finally, Wells Fargo & Company increased their target price on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Twelve equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $436.75.

Talen Energy Stock Down 3.1%

The company has a 50-day moving average of $342.51 and a 200-day moving average of $367.65. The company has a market capitalization of $16.08 billion, a price-to-earnings ratio of -71.65, a price-to-earnings-growth ratio of 0.51 and a beta of 2.15. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20.

Hedge Funds Weigh In On Talen Energy

Several hedge funds have recently modified their holdings of TLN. Fifth Third Wealth Advisors LLC raised its position in shares of Talen Energy by 41.0% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,714 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 498 shares during the last quarter. Banque Cantonale Vaudoise increased its stake in Talen Energy by 83.1% during the 1st quarter. Banque Cantonale Vaudoise now owns 824 shares of the utilities provider’s stock valued at $263,000 after purchasing an additional 374 shares in the last quarter. Values First Advisors Inc. increased its stake in Talen Energy by 4.7% during the 1st quarter. Values First Advisors Inc. now owns 979 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 44 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Talen Energy by 356.4% in the first quarter. SG Americas Securities LLC now owns 10,118 shares of the utilities provider’s stock worth $3,230,000 after buying an additional 7,901 shares during the last quarter. Finally, Allegheny Financial Group raised its holdings in shares of Talen Energy by 24.8% in the first quarter. Allegheny Financial Group now owns 1,131 shares of the utilities provider’s stock worth $361,000 after buying an additional 225 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).