Talen Energy (NASDAQ:TLN) Hits New 12-Month High – Still a Buy?

Talen Energy Corporation (NASDAQ:TLN)’s stock price reached a new 52-week high on Monday . The company traded as high as $274.89 and last traded at $266.12, with a volume of 740978 shares traded. The stock had previously closed at $258.54.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TLN. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley started coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price on the stock. JPMorgan Chase & Co. lowered their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, March 28th. Wall Street Zen cut Talen Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Finally, Evercore ISI started coverage on Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. One analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. According to MarketBeat, Talen Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $240.18.

Talen Energy Stock Performance

The business’s 50-day moving average is $221.94 and its 200-day moving average is $217.12. The company has a market capitalization of $11.80 billion, a PE ratio of 13.87, a PEG ratio of 2.70 and a beta of 1.78. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Thursday, May 8th. The utilities provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 50.48% and a return on equity of 8.59%. The firm had revenue of $390.00 million for the quarter, compared to analysts’ expectations of $556.93 million. On average, research analysts anticipate that Talen Energy Corporation will post 15.94 earnings per share for the current year.

Institutional Investors Weigh In On Talen Energy

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock valued at $964,302,000 after acquiring an additional 256,414 shares during the last quarter. Rhumbline Advisers grew its position in Talen Energy by 37.3% in the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider’s stock worth $1,114,000 after purchasing an additional 1,503 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Talen Energy by 28.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 10,150 shares of the utilities provider’s stock valued at $2,045,000 after buying an additional 2,233 shares during the period. Artemis Wealth Advisors LLC purchased a new position in shares of Talen Energy in the 4th quarter worth $806,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Talen Energy in the fourth quarter worth $1,986,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

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.