Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Boston Partners

Boston Partners reduced its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 62.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,473 shares of the utilities provider's stock after selling 108,909 shares during the period. Boston Partners owned 0.13% of Talen Energy worth $13,407,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rubric Capital Management LP acquired a new stake in Talen Energy in the 3rd quarter worth about $2,026,342,000. Monarch Alternative Capital LP purchased a new position in Talen Energy during the third quarter worth approximately $258,448,000. William Blair Investment Management LLC acquired a new position in shares of Talen Energy in the 4th quarter valued at $239,984,000. Mirabella Financial Services LLP purchased a new position in shares of Talen Energy in the 3rd quarter worth $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in Talen Energy during the third quarter valued at about $167,724,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TLN. Oppenheimer increased 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. UBS Group upped their target price on shares of Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating on the stock. Morgan Stanley assumed coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Finally, 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 target price on the stock. Twelve investment 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 price target of $241.36.

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Talen Energy Stock Down 0.6 %

NASDAQ:TLN traded down $1.23 during mid-day trading on Tuesday, reaching $217.73. The stock had a trading volume of 1,081,748 shares, compared to its average volume of 1,112,583. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The company has a market capitalization of $10.01 billion, a price-to-earnings ratio of 11.66, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The stock's 50 day simple moving average is $219.20 and its two-hundred day simple moving average is $189.39.

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.