Talen Energy (NASDAQ:TLN) Shares Gap Up – What’s Next?

Talen Energy Corporation (NASDAQ:TLN)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $356.00, but opened at $375.86. Talen Energy shares last traded at $383.9850, with a volume of 236,715 shares trading hands.

Wall Street Analysts Forecast Growth

TLN has been the subject of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. Barclays lifted their target price on Talen Energy from $439.00 to $457.00 and gave the stock an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on shares of Talen Energy from $432.00 to $442.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Zacks Research lowered shares of Talen Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Finally, Scotiabank assumed coverage on shares of Talen Energy in a research report on Monday, September 22nd. They issued a “sector perform” rating and a $418.00 price objective for the company. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $396.50.

Talen Energy Stock Performance

The firm’s fifty day moving average price is $376.23 and its 200 day moving average price is $371.36. The firm has a market cap of $17.21 billion, a P/E ratio of 81.49, a price-to-earnings-growth ratio of 0.59 and a beta of 1.97. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.72 and a current ratio of 2.29.

Talen Energy (NASDAQ:TLN) last released its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $4.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.01 by $0.24. The firm had revenue of $812.00 million for the quarter, compared to the consensus estimate of $707.90 million. Talen Energy had a net margin of 9.83% and a return on equity of 13.52%. The company’s quarterly revenue was up 24.9% on a year-over-year basis. During the same period last year, the firm earned $3.16 earnings per share. Sell-side analysts expect that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Amundi acquired a new position in Talen Energy during the 1st quarter valued at about $299,000. Advisors Asset Management Inc. purchased a new position in shares of Talen Energy during the first quarter worth $246,000. AQR Capital Management LLC acquired a new position in shares of Talen Energy in the 1st quarter valued at about $1,732,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Talen Energy by 11.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,280 shares of the utilities provider’s stock valued at $1,454,000 after acquiring an additional 761 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Talen Energy by 17,400.0% during the first quarter. NewEdge Advisors LLC now owns 875 shares of the utilities provider’s stock worth $175,000 after buying an additional 870 shares in the last quarter. Institutional investors own 0.38% of the company’s stock.

About Talen Energy

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).