Atika Capital Management LLC Has $17.33 Million Stake in Talen Energy Corporation (NASDAQ:TLN)

Atika Capital Management LLC decreased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,000 shares of the utilities provider's stock after selling 3,000 shares during the quarter. Talen Energy comprises approximately 1.8% of Atika Capital Management LLC's holdings, making the stock its 12th largest position. Atika Capital Management LLC owned about 0.17% of Talen Energy worth $17,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLN. XTX Topco Ltd bought a new stake in shares of Talen Energy in the third quarter valued at about $520,000. JPMorgan Chase & Co. acquired a new position in shares of Talen Energy in the third quarter valued at $23,482,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Talen Energy in the fourth quarter worth $240,000. First Sabrepoint Capital Management LP acquired a new stake in Talen Energy during the third quarter worth $6,238,000. Finally, Vanguard Group Inc. increased its holdings in Talen Energy by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after buying an additional 256,414 shares during the period. Institutional investors and hedge funds own 0.38% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on TLN shares. UBS Group reduced their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday. Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. JPMorgan Chase & Co. dropped their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a report on Friday, March 28th. Barclays cut their target price on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. Finally, Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target on the stock. Twelve research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $240.18.

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Talen Energy Price Performance

Shares of Talen Energy stock traded down $2.53 during midday trading on Friday, reaching $193.86. The company had a trading volume of 232,856 shares, compared to its average volume of 1,131,758. The stock has a fifty day simple moving average of $209.78 and a 200 day simple moving average of $196.56. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. 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 has a market capitalization of $8.82 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93.

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.