Talen Energy (NASDAQ:TLN) Shares Gap Down - Here's What Happened

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $207.49, but opened at $201.30. Talen Energy shares last traded at $208.05, with a volume of 50,326 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada began coverage on Talen Energy in a research report on Thursday, September 26th. They set an "outperform" rating and a $233.00 target price on the stock. Oppenheimer raised their target price on shares of Talen Energy from $165.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, September 24th. BWS Financial upped their price target on shares of Talen Energy from $145.00 to $185.00 and gave the company a "buy" rating in a report on Friday, September 6th. JPMorgan Chase & Co. initiated coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price objective for the company. Finally, Guggenheim boosted their target price on Talen Energy from $219.00 to $246.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy has an average rating of "Buy" and an average target price of $210.33.

Talen Energy Stock Performance

The firm's 50 day moving average is $151.68 and its 200-day moving average is $114.75. The stock has a market capitalization of $10.90 billion and a price-to-earnings ratio of 11.11. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Shikiar Asset Management Inc. purchased a new position in shares of Talen Energy in the 2nd quarter valued at about $278,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Talen Energy in the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $7,967,000. Guidance Capital Inc. purchased a new position in shares of Talen Energy during the 3rd quarter valued at approximately $348,000. Finally, Mcdaniel Terry & Co. acquired a new stake in Talen Energy in the 3rd quarter valued at $371,000. 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.

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