Talen Energy (NASDAQ:TLN) Sets New 1-Year High - Here's Why

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) reached 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 trading hands. The stock had previously closed at $208.79.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group assumed coverage on shares of Talen Energy in a research note on Wednesday, September 18th. They set a "buy" rating and a $197.00 target price for the company. 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. Oppenheimer boosted their target price on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research note on Tuesday, September 24th. Barclays lowered their price target on shares of Talen Energy from $207.00 to $202.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Finally, Royal Bank of Canada began coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an "outperform" rating and a $233.00 price target for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $205.33.

Talen Energy Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86. The stock's fifty day simple moving average is $146.52 and its two-hundred day simple moving average is $111.65.

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

Institutional Trading of Talen Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in Talen Energy in the third quarter worth approximately $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy in the third quarter worth approximately $214,000. World Equity Group Inc. acquired a new position in Talen Energy in the third quarter worth approximately $237,000. Guidance Capital Inc. acquired a new position in Talen Energy in the third quarter worth approximately $348,000. Finally, Mount Yale Investment Advisors LLC acquired a new position in Talen Energy in the third quarter worth approximately $361,000. Institutional investors and hedge funds own 0.38% of the company's stock.

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.