Talen Energy (NASDAQ:TLN) Hits New 12-Month High - Here's Why

Key Points

• Talen Energy's stock price reached a new 52-week high of $427.27 during trading, closing at $417.10, marking a significant rise in investor interest.
• Several analysts have raised their price targets for Talen Energy, with Barclays setting it at $440.00 and Evercore ISI at $450.00, reflecting a strong positive outlook for the company.
• The company reported earnings of $1.50 per share for the last quarter, significantly surpassing analyst expectations, with revenues of $630 million compared to estimates of $481 million.

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $427.27 and last traded at $417.10, with a volume of 81148 shares. The stock had previously closed at $423.56.

Analyst Ratings Changes

TLN has been the topic of several recent analyst reports. Melius Research lifted their target price on shares of Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a research report on Wednesday, September 10th. Evercore ISI lifted their price target on shares of Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Melius initiated coverage on shares of Talen Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $427.00 price target on the stock. Barclays lifted their price target on shares of Talen Energy from $418.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, September 11th. Finally, Wall Street Zen raised shares of Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Fifteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $358.53.

Talen Energy Price Performance

The business's 50-day moving average price is $369.81 and its 200 day moving average price is $282.20. The stock has a market capitalization of $19.63 billion, a PE ratio of 121.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.34 and a current ratio of 1.84.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating analysts' consensus estimates of ($1.13) by $2.63. The firm had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. Research analysts forecast that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Insider Activity at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business's stock in a transaction 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 transaction, the insider directly owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have sold 388,530 shares of company stock worth $114,090,933.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its position in Talen Energy by 75.8% in the first quarter. Russell Investments Group Ltd. now owns 17,502 shares of the utilities provider's stock worth $3,495,000 after acquiring an additional 7,547 shares in the last quarter. Crescent Grove Advisors LLC purchased a new position in Talen Energy in the first quarter worth $285,000. Thoroughbred Financial Services LLC purchased a new position in Talen Energy in the first quarter worth $756,000. TCW Group Inc. purchased a new position in Talen Energy in the first quarter worth $9,266,000. Finally, Principal Financial Group Inc. grew its position in Talen Energy by 114.9% in the first quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider's stock worth $717,000 after acquiring an additional 1,920 shares in the last quarter. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

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.