Talen Energy (NASDAQ:TLN) Stock Price Down 4% – Should You Sell?

Talen Energy Corporation (NASDAQ:TLN) shares traded down 4% during mid-day trading on Friday . The stock traded as low as $210.26 and last traded at $211.01. 277,968 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 663,739 shares. The stock had previously closed at $219.89.

Analysts Set New Price Targets

A number of brokerages have commented on TLN. BWS Financial upped their price objective on shares of Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Guggenheim increased their price target on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. initiated coverage on Talen Energy in a report on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective on the stock. Barclays dropped their target price on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Oppenheimer raised their price target on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy currently has a consensus rating of “Buy” and a consensus price target of $210.33.

Talen Energy Stock Performance

The stock’s fifty day simple moving average is $159.48 and its 200-day simple moving average is $118.08. The company has a market capitalization of $10.89 billion and a PE ratio of 11.47. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Hedge Funds Weigh In On Talen Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Roubaix Capital LLC acquired a new stake in Talen Energy in the third quarter valued at $11,234,000. M&G PLC purchased a new stake in shares of Talen Energy in the 3rd quarter worth about $14,797,000. River Road Asset Management LLC acquired a new stake in Talen Energy in the 3rd quarter valued at about $277,653,000. Oppenheimer Asset Management Inc. purchased a new position in Talen Energy during the 3rd quarter valued at about $1,411,000. Finally, Riggs Asset Managment Co. Inc. acquired a new position in Talen Energy during the third quarter worth about $1,001,000. 0.38% of the stock is owned by institutional investors and hedge funds.

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.