Talen Energy (NASDAQ:TLN) Shares Gap Down - What's Next?

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $245.06, but opened at $217.00. Talen Energy shares last traded at $193.58, with a volume of 1,315,881 shares trading hands.

Analysts Set New Price Targets

Several research firms have issued reports on TLN. Daiwa Capital Markets began coverage on Talen Energy in a report on Wednesday, December 4th. They set a "buy" rating and a $248.00 price objective on the stock. Oppenheimer lifted their price target on shares of Talen Energy from $225.00 to $250.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. started coverage on shares of Talen Energy in a research note on Thursday, October 17th. They set an "overweight" rating and a $268.00 price objective on the stock. Guggenheim boosted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Finally, Barclays increased their price target on shares of Talen Energy from $245.00 to $293.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $229.90.

Talen Energy Trading Down 1.4 %

The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The firm's 50 day moving average is $214.85 and its two-hundred day moving average is $162.51. The stock has a market cap of $11.27 billion and a price-to-earnings ratio of 11.87.

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $204.35, for a total value of $999,988,155.45. Following the sale, the insider now owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. This trade represents a 43.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Talen Energy during the third quarter worth approximately $36,000. Allworth Financial LP boosted its position in Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares during the period. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy in the fourth quarter worth $39,000. Empowered Funds LLC bought a new position in shares of Talen Energy in the fourth quarter worth $42,000. Finally, SG Americas Securities LLC acquired a new position in shares of Talen Energy during the fourth quarter valued at $152,000. 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.