Talen Energy (NASDAQ:TLN) Stock Price Up 3.2% - Time to Buy?

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price was up 3.2% during trading on Monday . The stock traded as high as $179.54 and last traded at $179.54. Approximately 398,317 shares were traded during trading, a decline of 34% from the average daily volume of 604,584 shares. The stock had previously closed at $173.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Talen Energy in a report on Wednesday, September 18th. They issued a "buy" rating and a $197.00 price target on the stock. Barclays lowered their price target on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating on the stock in a report on Monday. BWS Financial lifted their price target on shares of Talen Energy from $145.00 to $185.00 and gave the stock a "buy" rating in a report on Friday, September 6th. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a report on Thursday. They issued an "overweight" rating and a $268.00 price target on the stock. Finally, Guggenheim lifted their price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy has an average rating of "Buy" and an average price target of $205.33.

Talen Energy Trading Up 3.0 %

The business's fifty day simple moving average is $119.92 and its 200-day simple moving average is $96.84. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($1.14) by $1.33. The firm had revenue of $489.00 million during the quarter, compared to analyst estimates of $437.50 million. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. As a group, sell-side analysts expect that Talen Energy Corporation will post 13.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Talen Energy stock. Shikiar Asset Management Inc. bought a new position in Talen Energy Corporation (NASDAQ:TLN - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,500 shares of the utilities provider's stock, valued at approximately $278,000. 0.38% of the stock is currently owned by hedge funds and other 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.