Talen Energy (NASDAQ:TLN) Sets New 52-Week High - Should You Buy?

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 trading hands. The stock had previously closed at $288.66.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TLN shares. UBS Group reduced their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Barclays cut their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Raymond James Financial began coverage on shares of Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, March 28th. Finally, Wall Street Zen downgraded Talen Energy from a "hold" rating to a "sell" rating in a report on Sunday. One investment analyst has rated the stock with a sell rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $246.33.

Talen Energy Stock Performance

The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20. The business has a 50 day moving average price of $238.99 and a 200 day moving average price of $221.49. The stock has a market capitalization of $13.27 billion, a PE ratio of 64.72, a PEG ratio of 7.06 and a beta of 1.79.

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

Hedge Funds Weigh In On Talen Energy

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