Talen Energy (NASDAQ:TLN) Hits New 1-Year High – What’s Next?

Talen Energy Corporation (NASDAQ:TLN)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $286.38 and last traded at $283.09, with a volume of 466745 shares trading hands. The stock had previously closed at $277.16.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TLN. Barclays dropped their price objective on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating for the company in a report on Tuesday, March 4th. Susquehanna restated an “overweight” rating on shares of Talen Energy in a report on Thursday. Raymond James initiated coverage on Talen Energy in a report on Friday. They issued an “outperform” rating and a $314.00 price target for the company. Morgan Stanley started coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price objective on the stock. Finally, UBS Group lowered their price objective on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Talen Energy has a consensus rating of “Moderate Buy” and a consensus price target of $246.33.

Talen Energy Price Performance

The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company has a market capitalization of $12.78 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 2.70 and a beta of 1.78. The company has a 50-day moving average price of $229.94 and a 200-day moving average price of $219.02.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Talen Energy by 5.7% in the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after purchasing an additional 256,414 shares in the last quarter. Fred Alger Management LLC lifted its position in shares of Talen Energy by 56.3% in the first quarter. Fred Alger Management LLC now owns 1,492,145 shares of the utilities provider’s stock valued at $297,937,000 after buying an additional 537,398 shares during the last quarter. William Blair Investment Management LLC bought a new position in Talen Energy during the fourth quarter worth $239,984,000. Lone Pine Capital LLC boosted its holdings in shares of Talen Energy by 27.2% during the 4th quarter. Lone Pine Capital LLC now owns 1,089,380 shares of the utilities provider’s stock worth $219,477,000 after buying an additional 233,165 shares during the period. Finally, Invesco Ltd. grew its position in shares of Talen Energy by 32.8% in the fourth quarter. Invesco Ltd. now owns 652,478 shares of the utilities provider’s stock valued at $131,455,000 after purchasing an additional 161,269 shares during the last quarter. 0.38% of the stock is owned by institutional investors and hedge funds.

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.