Charles Schwab Investment Management Inc. Reduces Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Charles Schwab Investment Management Inc. lowered its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,288 shares of the utilities provider's stock after selling 2,088 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Talen Energy worth $86,690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in Talen Energy during the third quarter worth about $36,000. Allworth Financial LP boosted its holdings in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Talen Energy in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. acquired a new stake in shares of Talen Energy in the fourth quarter valued at approximately $39,000. Finally, Empowered Funds LLC purchased a new position in Talen Energy during the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 0.38% of the company's stock.

Talen Energy Stock Up 5.0 %

Shares of TLN stock traded up $9.73 during trading on Friday, reaching $204.93. The company's stock had a trading volume of 1,224,455 shares, compared to its average volume of 1,116,058. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The stock's 50-day moving average price is $220.01 and its 200 day moving average price is $183.77. The company has a market capitalization of $9.42 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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Analyst Ratings Changes

A number of analysts have issued reports on the company. 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 note on Tuesday, March 4th. Bank of America began coverage on shares of Talen Energy in a report on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. UBS Group raised their price target on shares of Talen Energy from $242.00 to $269.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Oppenheimer upped their price objective on Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $241.36.

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.