Talen Energy (NASDAQ:TLN) Reaches New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

A number of brokerages recently weighed in on TLN. BWS Financial upped their price objective on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Oppenheimer increased their target price on Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, September 24th. Barclays lowered their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Royal Bank of Canada assumed coverage on Talen Energy in a research report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on Talen Energy in a report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy has a consensus rating of “Buy” and an average target price of $205.33.

Talen Energy Stock Performance

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

Talen Energy (NASDAQ:TLN) last issued its quarterly earnings data on Tuesday, August 13th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $437.50 million. On average, sell-side analysts expect that Talen Energy Corporation will post 14.65 earnings per share for the current year.

Institutional Trading of Talen Energy

Institutional investors have recently bought and sold shares of the stock. Spirit of America Management Corp NY acquired a new position in shares of Talen Energy in the 3rd quarter valued at $214,000. World Equity Group Inc. bought a new position in shares of Talen Energy during the third quarter worth about $237,000. Guidance Capital Inc. acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $348,000. Mount Yale Investment Advisors LLC acquired a new stake in Talen Energy in the 3rd quarter valued at $361,000. Finally, Mcdaniel Terry & Co. acquired a new stake in shares of Talen Energy in the third quarter valued at about $371,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.