Talen Energy (NASDAQ:TLN) Trading Up 7.1% - Time to Buy?

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price traded up 7.1% during trading on Tuesday . The stock traded as high as $185.00 and last traded at $182.15. 529,556 shares changed hands during trading, a decline of 16% from the average session volume of 630,241 shares. The stock had previously closed at $170.00.

Analysts Set New Price Targets

TLN has been the topic of a number of analyst reports. 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. JPMorgan Chase & Co. assumed coverage on shares of Talen Energy in a research note on Thursday, October 17th. They issued an "overweight" rating and a $268.00 price target on the stock. Jefferies Financial Group started coverage on Talen Energy in a research note on Friday, September 13th. They set a "buy" rating and a $226.00 price objective on the stock. Oppenheimer lifted their price target on shares of Talen Energy from $165.00 to $210.00 and gave the company an "outperform" rating in a research report on Tuesday, September 24th. Finally, UBS Group initiated coverage on shares of Talen Energy in a research report on Wednesday, September 18th. They issued a "buy" rating and a $197.00 target price on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $205.33.

Talen Energy Price Performance

The stock's 50-day moving average is $134.39 and its 200-day moving average is $105.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.51 and a quick ratio of 3.86.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 EPS for the quarter, topping the consensus estimate of ($1.14) by $1.33. The company had revenue of $489.00 million during the quarter, compared to analysts' expectations of $437.50 million. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. Equities research analysts expect that Talen Energy Corporation will post 14.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Spirit of America Management Corp NY bought a new stake in shares of Talen Energy in the 3rd quarter valued at $214,000. World Equity Group Inc. acquired a new stake in Talen Energy in the 3rd quarter valued at about $237,000. Guidance Capital Inc. bought a new position in shares of Talen Energy in the third quarter valued at about $348,000. Mount Yale Investment Advisors LLC bought a new position in shares of Talen Energy during the third quarter worth approximately $361,000. Finally, Mcdaniel Terry & Co. acquired a new stake in Talen Energy in the 3rd quarter worth about $371,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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.