Talen Energy (NASDAQ:TLN) Shares Gap Down – Here’s What Happened

Talen Energy Corporation (NASDAQ:TLN) gapped down before the market opened on Tuesday . The stock had previously closed at $207.49, but opened at $201.30. Talen Energy shares last traded at $208.05, with a volume of 50,326 shares traded.

Wall Street Analysts Forecast Growth

TLN has been the topic of several recent analyst reports. JPMorgan Chase & Co. assumed coverage on Talen Energy in a research note on Thursday, October 17th. They issued an “overweight” rating and a $268.00 price target on the stock. Royal Bank of Canada started coverage on shares of Talen Energy in a research report on Thursday, September 26th. They set an “outperform” rating and a $233.00 price target for the company. Oppenheimer raised their price objective on shares of Talen Energy from $165.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, September 24th. Guggenheim boosted their target price on shares of Talen Energy from $219.00 to $246.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays reduced their price target on shares of Talen Energy from $207.00 to $202.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Talen Energy has an average rating of “Buy” and an average price target of $210.33.

Talen Energy Trading Down 4.0 %

The firm has a 50-day moving average of $155.30 and a 200 day moving average of $116.38. 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 stock has a market capitalization of $10.48 billion and a price-to-earnings ratio of 11.03.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TLN. Virtu Financial LLC bought a new position in Talen Energy in the 3rd quarter valued at about $3,249,000. Geode Capital Management LLC acquired a new stake in shares of Talen Energy in the 3rd quarter worth approximately $100,317,000. First Sabrepoint Capital Management LP bought a new position in shares of Talen Energy in the third quarter valued at approximately $6,238,000. K2 Principal Fund L.P. acquired a new position in shares of Talen Energy during the third quarter valued at approximately $5,220,000. Finally, Orion Portfolio Solutions LLC bought a new stake in Talen Energy during the third quarter worth approximately $1,714,000. 0.38% of the stock is owned by institutional investors and hedge funds.

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.