Talen Energy (NASDAQ:TLN) Stock Price Down 4% – Time to Sell?

Talen Energy Corporation (NASDAQ:TLN)’s stock price fell 4% during mid-day trading on Friday . The company traded as low as $210.26 and last traded at $211.01. 277,968 shares changed 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.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TLN. BWS Financial upped their price target on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. UBS Group lifted their target price on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada assumed coverage on Talen Energy in a research note on Thursday, September 26th. They set an “outperform” rating and a $233.00 price objective on the stock. Jefferies Financial Group assumed coverage on Talen Energy in a research note on Friday, September 13th. They issued a “buy” rating and a $226.00 target price for the company. Finally, Guggenheim raised their target price on Talen Energy from $219.00 to $246.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $210.33.

Talen Energy Trading Down 3.0 %

The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market cap of $10.85 billion and a price-to-earnings ratio of 11.77. The business’s 50 day moving average price is $155.30 and its 200-day moving average price is $116.38.

Institutional Trading of Talen Energy

A number of large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the third quarter valued at about $36,000. Spirit of America Management Corp NY acquired a new position in shares of Talen Energy during the 3rd quarter worth about $214,000. World Equity Group Inc. acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $237,000. Point72 Hong Kong Ltd bought a new position in shares of Talen Energy during the 3rd quarter worth approximately $257,000. Finally, Shikiar Asset Management Inc. bought a new stake in Talen Energy in the 2nd quarter valued at $278,000. 0.38% of the stock is owned by institutional investors.

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.