Talen Energy (NASDAQ:TLN) Shares Gap Up After Analyst Upgrade

Talen Energy Corporation (NASDAQ:TLN) gapped up before the market opened on Friday after UBS Group raised their price target on the stock from $366.00 to $399.00. The stock had previously closed at $264.00, but opened at $310.00. UBS Group currently has a buy rating on the stock. Talen Energy shares last traded at $319.43, with a volume of 707,275 shares traded.

Several other research firms have also recently issued reports on TLN. Oppenheimer set a $315.00 price objective on Talen Energy and gave the stock an “outperform” rating in a report on Friday, July 11th. Barclays raised their price target on Talen Energy from $269.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday. Raymond James Financial assumed coverage on Talen Energy in a research note on Friday, June 13th. They issued an “outperform” rating and a $314.00 price target on the stock. Wall Street Zen raised shares of Talen Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 30th. Finally, Morgan Stanley lifted their price target on shares of Talen Energy from $300.00 to $330.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $289.92.

Insider Buying and Selling at Talen Energy

In other Talen Energy news, major shareholder Rubric Capital Management Lp sold 178,000 shares of the business’s stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $296.04, for a total transaction of $52,695,120.00. Following the transaction, the insider owned 5,734,970 shares in the company, valued at $1,697,780,518.80. The trade was a 3.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 388,530 shares of company stock worth $114,090,933. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its stake in shares of Talen Energy by 310.0% in the first quarter. Signaturefd LLC now owns 123 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 93 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Talen Energy in the first quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Talen Energy in the 1st quarter valued at approximately $35,000. LRI Investments LLC raised its position in shares of Talen Energy by 179.0% in the 1st quarter. LRI Investments LLC now owns 173 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 111 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in Talen Energy in the first quarter valued at $35,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Stock Up 24.5%

The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 6.35 and a beta of 1.85. The firm’s fifty day moving average is $267.33 and its 200-day moving average is $232.19. The company has a debt-to-equity ratio of 2.52, a current ratio of 1.62 and a quick ratio of 1.20.

Talen Energy (NASDAQ:TLN) last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.35). Talen Energy had a net margin of 28.51% and a return on equity of 11.47%. The company had revenue of $390.00 million during the quarter, compared to analyst estimates of $556.93 million. On average, sell-side analysts predict that Talen Energy Corporation will post 15.94 earnings per share for the current year.

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.