Talen Energy Corporation (NASDAQ:TLN - Get Free Report) shares were up 4.9% during mid-day trading on Monday . The company traded as high as $195.47 and last traded at $183.01. Approximately 571,304 shares were traded during mid-day trading, a decline of 49% from the average daily volume of 1,126,945 shares. The stock had previously closed at $174.40.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 4th. Bank of America began 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. Finally, Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $240.18.
Check Out Our Latest Stock Analysis on Talen Energy
Talen Energy Trading Up 0.8 %
The stock has a 50-day simple moving average of $209.05 and a two-hundred day simple moving average of $197.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The firm has a market cap of $9.01 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93.
Hedge Funds Weigh In On Talen Energy
A number of institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP raised its holdings in Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy during the fourth quarter valued at about $39,000. BNP Paribas Financial Markets purchased a new position in Talen Energy during the 3rd quarter valued at approximately $36,000. Finally, Empowered Funds LLC bought a new stake in Talen Energy in the fourth quarter worth $42,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.
About Talen Energy
(
Get Free Report)
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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