Talen Energy (NASDAQ:TLN) Shares Gap Up – Still a Buy?

Talen Energy Corporation (NASDAQ:TLN) shares gapped up prior to trading on Wednesday . The stock had previously closed at $176.56, but opened at $192.79. Talen Energy shares last traded at $190.00, with a volume of 618,394 shares.

Analyst Ratings Changes

A number of research analysts have issued reports on TLN shares. UBS Group lifted their price objective on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Morgan Stanley initiated coverage on shares of Talen Energy in a research note on Wednesday. They set an “overweight” rating and a $243.00 target price for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. Finally, Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They set an “outperform” rating on the stock. Twelve analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $241.36.

Talen Energy Trading Down 2.0 %

The firm has a market capitalization of $8.97 billion, a price-to-earnings ratio of 10.45, a PEG ratio of 2.70 and a beta of 2.00. 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 50-day moving average price of $220.35 and a 200-day moving average price of $183.69.

Institutional Trading of Talen Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Talen Energy during the 3rd quarter worth about $520,000. JPMorgan Chase & Co. acquired a new stake in Talen Energy in the third quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Talen Energy during the 4th quarter worth approximately $240,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy in the 3rd quarter valued at about $258,448,000. Finally, First Sabrepoint Capital Management LP acquired a new stake in Talen Energy in the third quarter worth $6,238,000. Hedge funds and other 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.