Talen Energy (NASDAQ:TLN) Sets New 1-Year High on Analyst Upgrade

Shares of Talen Energy Corporation (NASDAQ:TLN - Get Free Report) reached a new 52-week high on Saturday after UBS Group raised their price target on the stock from $366.00 to $399.00. UBS Group currently has a buy rating on the stock. Talen Energy traded as high as $330.99 and last traded at $328.63, with a volume of 4493970 shares traded. The stock had previously closed at $264.00.

Other research analysts also recently issued research reports about the company. Raymond James Financial started coverage on Talen Energy in a research note on Friday, June 13th. They issued an "outperform" rating and a $314.00 price objective on the stock. Barclays raised their price objective on shares of Talen Energy from $269.00 to $359.00 and gave the company an "overweight" rating in a research report on Friday. Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an "outperform" rating in a research note on Friday, July 11th. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a research report on Monday, June 30th. Finally, Jefferies Financial Group boosted their price target on Talen Energy from $326.00 to $380.00 and gave the stock a "buy" rating in a report on Friday. 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $289.92.

Insider Buying and Selling

In related news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the completion of the sale, the insider owned 5,734,970 shares of the company's stock, valued at approximately $1,697,780,518.80. This represents a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 388,530 shares of company stock worth $114,090,933. Company insiders own 0.18% of the company's stock.

Institutional Trading of Talen Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. 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 acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Talen Energy in the 1st quarter valued at $25,000. Golden State Wealth Management LLC acquired a new position in Talen Energy in the 1st quarter valued at $35,000. LRI Investments LLC grew its stake in shares of Talen Energy by 179.0% in the first 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. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Talen Energy during the first quarter valued at about $35,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Price Performance

The company has a market cap of $14.96 billion, a price-to-earnings ratio of 34.13, a price-to-earnings-growth ratio of 7.91 and a beta of 1.85. The company has a current ratio of 1.62, a quick ratio of 1.20 and a debt-to-equity ratio of 2.52. The company has a fifty day moving average price of $267.33 and a two-hundred day moving average price of $232.40.

Talen Energy (NASDAQ:TLN - Get Free Report) last posted 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). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. As a group, equities research analysts anticipate that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

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.