Talen Energy (NASDAQ:TLN) Shares Gap Up - Time to Buy?

Talen Energy Corporation (NASDAQ:TLN - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $255.10, but opened at $271.90. Talen Energy shares last traded at $274.86, with a volume of 986,393 shares traded.

Analysts Set New Price Targets

TLN has been the subject of a number of analyst reports. Wall Street Zen lowered Talen Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Morgan Stanley initiated coverage on Talen Energy in a report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Barclays dropped their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price objective on shares of 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, Evercore ISI started coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $240.18.

Talen Energy Price Performance

The stock has a market capitalization of $12.51 billion, a PE ratio of 14.72, a P/E/G ratio of 2.70 and a beta of 1.78. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The stock's fifty day moving average is $226.21 and its 200-day moving average is $218.08.

Talen Energy (NASDAQ:TLN - Get Free Report) last released its earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $1.17 by ($0.35). Talen Energy had a return on equity of 8.59% and a net margin of 50.48%. The company had revenue of $390.00 million for the quarter, compared to analysts' expectations of $556.93 million. As a group, equities analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of 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 acquiring an additional 93 shares during the last quarter. Brooklyn Investment Group acquired a new position in Talen Energy during the first quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Talen Energy during the first quarter worth $35,000. LRI Investments LLC boosted its position in shares of Talen Energy by 179.0% during the first quarter. LRI Investments LLC now owns 173 shares of the utilities provider's stock worth $35,000 after buying an additional 111 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Talen Energy in the first quarter valued at $35,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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.