Talen Energy (NASDAQ:TLN) Shares Gap Down - Should You Sell?

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $173.88, but opened at $160.00. Talen Energy shares last traded at $163.41, with a volume of 981,729 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TLN. JPMorgan Chase & Co. began coverage on Talen Energy in a research report on Thursday, October 17th. They set an "overweight" rating and a $268.00 price objective for the company. BWS Financial boosted their price target on Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 6th. UBS Group started coverage on Talen Energy in a research note on Wednesday, September 18th. They set a "buy" rating and a $197.00 price objective on the stock. Guggenheim boosted 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. Finally, Barclays reduced their target price on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $205.33.

Talen Energy Trading Down 2.2 %

The company has a current ratio of 4.51, a quick ratio of 3.86 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $133.22 and a 200 day moving average of $104.72.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping 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 company had revenue of $489.00 million for the quarter, compared to analysts' expectations of $437.50 million. As a group, analysts anticipate that Talen Energy Corporation will post 14.65 earnings per share for the current fiscal year.

Hedge Funds 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 during the third quarter valued at $214,000. World Equity Group Inc. acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $237,000. Shikiar Asset Management Inc. purchased a new stake in shares of Talen Energy in the second quarter worth approximately $278,000. Guidance Capital Inc. acquired a new stake in shares of Talen Energy during the third quarter worth approximately $348,000. Finally, Mount Yale Investment Advisors LLC purchased a new position in Talen Energy during the third quarter valued at approximately $361,000. Hedge funds and other 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.