Talen Energy (NASDAQ:TLN) Sets New 1-Year High - Here's Why

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $294.76 and last traded at $292.24, with a volume of 105033 shares traded. The stock had previously closed at $288.66.

Analysts Set New Price Targets

Several research firms recently weighed in on TLN. Raymond James Financial initiated coverage on shares of Talen Energy in a research report on Friday, June 13th. They set an "outperform" rating and a $314.00 price objective for the company. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Susquehanna reiterated an "overweight" rating on shares of Talen Energy in a research report on Thursday, June 12th. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Finally, Morgan Stanley initiated coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $246.33.

Talen Energy Price Performance

The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.20 and a current ratio of 1.62. The stock has a market cap of $13.26 billion, a PE ratio of 30.26, a P/E/G ratio of 6.91 and a beta of 1.78. The business has a 50 day moving average price of $246.10 and a two-hundred day moving average price of $223.51.

Talen Energy (NASDAQ:TLN - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The business had revenue of $390.00 million during the quarter, compared to the consensus estimate of $556.93 million. Research analysts expect that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Institutional Trading of Talen Energy

Large investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. increased its stake in shares of Talen Energy by 4.4% during the 1st quarter. Wedbush Securities Inc. now owns 1,316 shares of the utilities provider's stock worth $263,000 after purchasing an additional 55 shares during the last quarter. IFP Advisors Inc increased its position in Talen Energy by 42.4% in the first quarter. IFP Advisors Inc now owns 188 shares of the utilities provider's stock worth $38,000 after buying an additional 56 shares during the last quarter. Knights of Columbus Asset Advisors LLC raised its stake in shares of Talen Energy by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 3,394 shares of the utilities provider's stock valued at $678,000 after buying an additional 88 shares during the period. Signaturefd LLC lifted its position in shares of Talen Energy by 310.0% during the 1st quarter. Signaturefd LLC now owns 123 shares of the utilities provider's stock valued at $25,000 after buying an additional 93 shares during the last quarter. Finally, LRI Investments LLC increased its holdings in Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after acquiring an additional 111 shares during the last quarter. Hedge funds and other 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.