Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its stake in Talen Energy Corporation (NASDAQ:TLN) by 32.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,519 shares of the utilities provider’s stock after selling 3,099 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Talen Energy were worth $1,313,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TLN. Allworth Financial LP grew its stake in shares of Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in Talen Energy in the fourth quarter worth about $37,000. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the fourth quarter valued at about $39,000. BNP Paribas Financial Markets acquired a new stake in Talen Energy during the third quarter valued at approximately $36,000. Finally, Empowered Funds LLC bought a new position in Talen Energy during the 4th quarter worth approximately $42,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Trading Down 5.4 %

Shares of Talen Energy stock opened at $174.40 on Friday. The business has a fifty day simple moving average of $212.51 and a 200-day simple moving average of $193.44. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Analyst Ratings Changes

A number of brokerages have commented on TLN. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Morgan Stanley began coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They set an “overweight” rating and a $243.00 target price for the company. Barclays dropped their price target on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. Bank of America initiated coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Finally, UBS Group raised their target price on Talen Energy from $242.00 to $269.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $241.09.

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.