Talen Energy (NASDAQ:TLN) Reaches New 52-Week High – Should You Buy?

Talen Energy Corporation (NASDAQ:TLN) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $197.98 and last traded at $196.09, with a volume of 29367 shares. The stock had previously closed at $189.73.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank of Canada began coverage on Talen Energy in a report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective for the company. BWS Financial boosted their target price on shares of Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Guggenheim raised their price objective on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group initiated coverage on shares of Talen Energy in a research note on Friday, September 13th. They set a “buy” rating and a $226.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and a consensus price target of $205.33.

Talen Energy Stock Up 7.0 %

The company has a quick ratio of 3.86, a current ratio of 4.51 and a debt-to-equity ratio of 1.02. The firm has a 50 day simple moving average of $139.21 and a 200 day simple moving average of $107.54.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.14) by $1.33. Talen Energy had a net margin of 41.79% and a return on equity of 2.27%. The firm had revenue of $489.00 million for the quarter, compared to analysts’ expectations of $437.50 million. On average, equities analysts forecast that Talen Energy Corporation will post 14.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the business. Spirit of America Management Corp NY purchased a new stake in Talen Energy during the third quarter valued at $214,000. World Equity Group Inc. bought a new stake in shares of Talen Energy during the 3rd quarter valued at $237,000. Guidance Capital Inc. purchased a new stake in Talen Energy during the 3rd quarter valued at approximately $348,000. Mount Yale Investment Advisors LLC bought a new position in Talen Energy during the third quarter valued at approximately $361,000. Finally, Mcdaniel Terry & Co. bought a new stake in shares of Talen Energy in the 3rd quarter worth about $371,000. 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.