Talen Energy (NASDAQ:TLN) Sets New 1-Year High - Should You Buy?

Key Points

• Talen Energy's stock reached a new **52-week high** of **$411.36** during trading, closing at **$409.56** with significant trading volume of **150,772 shares**.
• Wall Street analysts have a consensus **"Buy" rating** for Talen Energy, with a variety of price objectives, including a notable increase from **$427.00** to **$576.00** by Melius Research.
• The company reported **$1.50 earnings per share**, surpassing analyst expectations significantly, along with a revenue of **$630 million** for the recent quarter.

Talen Energy Corporation (NASDAQ:TLN - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $411.36 and last traded at $409.56, with a volume of 150772 shares traded. The stock had previously closed at $402.53.

Wall Street Analysts Forecast Growth

TLN has been the topic of a number of research reports. Wall Street Zen upgraded Talen Energy from a "sell" rating to a "hold" rating in a report on Monday, August 11th. Oppenheimer set a $315.00 price objective on shares of Talen Energy and gave the company an "outperform" rating in a research report on Friday, July 11th. Melius Research boosted their price objective on shares of Talen Energy from $427.00 to $576.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Melius assumed coverage on Talen Energy in a report on Wednesday, August 20th. They set a "buy" rating and a $427.00 price objective on the stock. Finally, Evercore ISI lifted their price objective on Talen Energy from $410.00 to $450.00 and gave the stock an "outperform" rating in a report on Tuesday, September 9th. Fifteen analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $354.29.

Talen Energy Stock Up 0.7%

The firm's fifty day moving average is $353.19 and its two-hundred day moving average is $272.80. The firm has a market cap of $18.53 billion, a price-to-earnings ratio of 114.86, a P/E/G ratio of 1.93 and a beta of 1.89. The company has a debt-to-equity ratio of 2.39, a current ratio of 1.84 and a quick ratio of 1.34.

Talen Energy (NASDAQ:TLN - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of ($1.13) by $2.63. The company 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%. On average, sell-side analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $296.04, for a total value of $52,695,120.00. Following the completion of the sale, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. This represents a 3.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 388,530 shares of company stock valued at $114,090,933 in the last ninety days.

Institutional Investors Weigh In On Talen Energy

Several hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its stake in shares of Talen Energy by 102.2% during the 2nd quarter. Osaic Holdings Inc. now owns 3,911 shares of the utilities provider's stock valued at $1,137,000 after buying an additional 1,977 shares during the period. Munro Partners bought a new stake in Talen Energy during the second quarter worth approximately $7,931,000. Thrivent Financial for Lutherans raised its holdings in Talen Energy by 343.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 20,135 shares of the utilities provider's stock worth $5,854,000 after acquiring an additional 15,592 shares during the period. Thompson Davis & CO. Inc. bought a new stake in Talen Energy during the 2nd quarter valued at approximately $308,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Talen Energy during the second quarter worth approximately $212,000. 0.38% of the stock is 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.

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