Talen Energy (NASDAQ:TLN) Sets New 1-Year High – Still a Buy?

Shares of Talen Energy Corporation (NASDAQ:TLN) reached a new 52-week high on Wednesday . The stock traded as high as $231.39 and last traded at $229.10, with a volume of 696741 shares. The stock had previously closed at $220.25.

Analyst Ratings Changes

TLN has been the subject of several recent analyst reports. 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 target for the company. Daiwa Capital Markets initiated coverage on Talen Energy in a research note on Wednesday, December 4th. They issued a “buy” rating and a $248.00 price target for the company. Oppenheimer boosted their price target on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Guggenheim boosted their price target on Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, UBS Group boosted their price target on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Ten investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has an average rating of “Buy” and a consensus target price of $225.10.

Talen Energy Stock Up 1.9 %

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 company has a market cap of $11.42 billion and a P/E ratio of 12.02. The company has a fifty day moving average of $209.27 and a 200 day moving average of $150.97.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was 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 owns 6,475,107 shares of the company’s stock, valued at approximately $1,323,188,115.45. The trade was a 43.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Talen Energy

A number of hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets bought a new position in shares of Talen Energy in the third quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy in the fourth quarter worth about $240,000. Spirit of America Management Corp NY purchased a new stake in Talen Energy during the third quarter valued at approximately $214,000. Capital Market Strategies LLC purchased a new stake in Talen Energy during the fourth quarter valued at approximately $252,000. Finally, World Equity Group Inc. purchased a new stake in Talen Energy during the third quarter valued at approximately $237,000. Institutional investors own 0.38% of the company’s stock.

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.