Talen Energy (NASDAQ:TLN) Shares Up 5.5% – Time to Buy?

Talen Energy Corporation (NASDAQ:TLN) shares were up 5.5% on Wednesday . The company traded as high as $218.00 and last traded at $215.62. Approximately 1,558,902 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 1,366,206 shares. The stock had previously closed at $204.42.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TLN. Daiwa Capital Markets assumed coverage on Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective on the stock. Guggenheim lifted their price target on 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. assumed coverage on shares of Talen Energy in a research report on Thursday, October 17th. They set an “overweight” rating and a $268.00 price objective for the company. UBS Group boosted their target price on shares of Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, Barclays lifted their price target on shares of Talen Energy from $245.00 to $293.00 and gave the company an “overweight” rating in a research report on Monday. Ten research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Talen Energy presently has a consensus rating of “Buy” and a consensus price target of $229.90.

Talen Energy Trading Up 4.7 %

The company has a market cap of $10.88 billion and a price-to-earnings ratio of 11.46. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The business’s fifty day simple moving average is $214.44 and its two-hundred day simple moving average is $160.40.

Insider Buying and Selling

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the sale, the insider now directly owns 6,475,107 shares in the company, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Talen Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at $39,000. BNP Paribas Financial Markets acquired a new position in Talen Energy during the 3rd quarter worth $36,000. Empowered Funds LLC acquired a new stake in shares of Talen Energy in the fourth quarter worth $42,000. SG Americas Securities LLC bought a new stake in shares of Talen Energy in the 4th quarter worth approximately $152,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Talen Energy during the 4th quarter valued at about $240,000. Institutional investors 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.