Talen Energy (NASDAQ:TLN) Shares Down 4% – Should You Sell?

Talen Energy Corporation (NASDAQ:TLN)’s share price traded down 4% during trading on Friday . The company traded as low as $210.26 and last traded at $211.01. 277,968 shares changed hands during trading, a decline of 58% from the average session volume of 663,739 shares. The stock had previously closed at $219.89.

Analyst Ratings Changes

A number of research firms recently weighed in on TLN. Royal Bank of Canada assumed coverage on shares of Talen Energy in a report on Thursday, September 26th. They issued an “outperform” rating and a $233.00 target price on the stock. Oppenheimer increased their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, September 24th. Jefferies Financial Group began coverage on shares of Talen Energy in a research report on Friday, September 13th. They set a “buy” rating and a $226.00 price objective for the company. Barclays dropped their target price on Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, BWS Financial raised their price target on Talen Energy from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and an average target price of $210.33.

Talen Energy Price Performance

The stock has a market capitalization of $10.89 billion and a price-to-earnings ratio of 11.47. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $159.48 and its 200 day moving average is $118.08.

Institutional Trading of Talen Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in TLN. Shikiar Asset Management Inc. acquired a new stake in shares of Talen Energy in the 2nd quarter valued at about $278,000. Allspring Global Investments Holdings LLC purchased a new stake in Talen Energy in the third quarter valued at approximately $29,464,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of Talen Energy in the third quarter valued at approximately $7,967,000. Guidance Capital Inc. purchased a new position in shares of Talen Energy during the third quarter worth approximately $348,000. Finally, Mcdaniel Terry & Co. acquired a new position in shares of Talen Energy in the 3rd quarter valued at $371,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

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.