Talen Energy (NASDAQ:TLN) Stock Price Down 4% – What’s Next?

Talen Energy Corporation (NASDAQ:TLN) dropped 4% on Friday . The stock traded as low as $210.26 and last traded at $211.01. Approximately 277,968 shares traded hands during trading, a decline of 58% from the average daily volume of 663,739 shares. The stock had previously closed at $219.89.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TLN. Guggenheim increased 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. Royal Bank of Canada initiated coverage on Talen Energy in a research note on Thursday, September 26th. They issued an “outperform” rating and a $233.00 price objective on the stock. UBS Group upped their target price on Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Oppenheimer boosted their price target on Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 24th. Finally, Barclays cut their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $210.33.

Talen Energy Trading Down 3.0 %

The firm has a market capitalization of $10.85 billion and a price-to-earnings ratio of 11.77. 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 $155.30 and a 200-day moving average price of $116.38.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in shares of Talen Energy during the 3rd quarter valued at approximately $36,000. Spirit of America Management Corp NY acquired a new position in Talen Energy during the third 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 purchased a new position in shares of Talen Energy during the 3rd quarter worth approximately $257,000. Finally, Guidance Capital Inc. acquired a new position in shares of Talen Energy during the 3rd quarter worth approximately $348,000. 0.38% of the stock is owned by hedge funds and other 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.