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

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $176.56, but opened at $192.79. Talen Energy shares last traded at $190.00, with a volume of 618,394 shares.

Analysts Set New Price Targets

A number of research firms have issued reports on TLN. Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Evercore ISI initiated coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Bank of America started coverage on Talen Energy in a research report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective for the company. UBS Group increased their price objective on Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Daiwa Capital Markets set a $200.00 price target on Talen Energy in a research report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $241.36.

Talen Energy Trading Down 2.0 %

The company has a market cap of $8.97 billion, a P/E ratio of 10.45, a P/E/G ratio of 2.70 and a beta of 2.00. The business's 50-day moving average price is $220.35 and its 200 day moving average price is $183.69. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

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Insiders Place Their Bets

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares of the company's stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Talen Energy

Large investors have recently modified their holdings of the stock. Rubric Capital Management LP acquired a new position in Talen Energy in the 3rd quarter valued at about $2,026,342,000. Monarch Alternative Capital LP acquired a new stake in Talen Energy during the 3rd quarter worth approximately $258,448,000. William Blair Investment Management LLC bought a new stake in Talen Energy in the 4th quarter valued at $239,984,000. Mirabella Financial Services LLP acquired a new position in Talen Energy in the 3rd quarter valued at $168,108,000. Finally, Sachem Head Capital Management LP acquired a new position in Talen Energy in the 3rd quarter valued at $167,724,000. 0.38% of the stock is owned by 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.