Talen Energy (NASDAQ:TLN) Shares Gap Down – Time to Sell?

Talen Energy Corporation (NASDAQ:TLN) gapped down prior to trading on Tuesday . The stock had previously closed at $207.49, but opened at $201.30. Talen Energy shares last traded at $208.05, with a volume of 50,326 shares changing hands.

Analyst Ratings Changes

Several research firms have recently weighed in on TLN. Oppenheimer raised their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. UBS Group lifted their price target on shares of Talen Energy from $197.00 to $242.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Barclays cut their price objective on Talen Energy from $207.00 to $202.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. BWS Financial lifted their target price on Talen Energy from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. began coverage on Talen Energy in a report on Thursday, October 17th. They set an “overweight” rating and a $268.00 target price for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $210.33.

Talen Energy Stock Down 4.0 %

The stock has a market capitalization of $10.48 billion and a price-to-earnings ratio of 11.03. 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 firm has a 50-day moving average of $155.30 and a two-hundred day moving average of $116.38.

Institutional Trading of Talen Energy

Several institutional investors have recently made changes to their positions in TLN. Virtu Financial LLC purchased a new stake in Talen Energy in the 3rd quarter worth approximately $3,249,000. Geode Capital Management LLC acquired a new position in shares of Talen Energy in the third quarter worth $100,317,000. First Sabrepoint Capital Management LP purchased a new stake in shares of Talen Energy during the third quarter worth $6,238,000. K2 Principal Fund L.P. acquired a new stake in Talen Energy during the third quarter valued at $5,220,000. Finally, Orion Portfolio Solutions LLC purchased a new position in Talen Energy in the third quarter valued at about $1,714,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

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.