Talen Energy (NASDAQ:TLN) Sets New 52-Week High - Time to Buy?

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $260.89 and last traded at $256.51, with a volume of 900546 shares traded. The stock had previously closed at $248.56.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TLN shares. Wall Street Zen lowered shares of Talen Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. UBS Group dropped their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Evercore ISI began coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. Barclays cut their price objective on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Finally, Morgan Stanley began coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 price objective for the company. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $240.18.

Talen Energy Stock Performance

The firm has a market cap of $11.66 billion, a P/E ratio of 13.72, a PEG ratio of 2.70 and a beta of 1.78. The stock's 50 day moving average is $219.80 and its two-hundred day moving average is $216.43. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.35). The firm had revenue of $390.00 million for the quarter, compared to the consensus estimate of $556.93 million. Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. As a group, equities analysts predict that Talen Energy Corporation will post 15.94 EPS for the current year.

Institutional Trading of Talen Energy

Several large investors have recently added to or reduced their stakes in TLN. SG Americas Securities LLC bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $152,000. Spirit of America Management Corp NY grew its stake in shares of Talen Energy by 133.3% during the fourth quarter. Spirit of America Management Corp NY now owns 2,800 shares of the utilities provider's stock valued at $564,000 after purchasing an additional 1,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $940,000. Wilmington Savings Fund Society FSB grew its stake in shares of Talen Energy by 68,428.6% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,797 shares of the utilities provider's stock valued at $966,000 after purchasing an additional 4,790 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $42,000. 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.