Portolan Capital Management LLC Lowers Stake in Talen Energy Corporation (NASDAQ:TLN)

Portolan Capital Management LLC lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 30.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 154,381 shares of the utilities provider's stock after selling 66,764 shares during the quarter. Talen Energy makes up approximately 2.1% of Portolan Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Portolan Capital Management LLC owned approximately 0.30% of Talen Energy worth $31,103,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Talen Energy in the 3rd quarter valued at $36,000. Allworth Financial LP grew its holdings in Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in Talen Energy during the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new stake in Talen Energy in the 4th quarter valued at $39,000. Finally, Empowered Funds LLC bought a new position in Talen Energy during the 4th quarter valued at $42,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Stock Performance

NASDAQ TLN traded up $0.26 during trading hours on Friday, hitting $203.46. The company's stock had a trading volume of 649,626 shares, compared to its average volume of 1,125,105. 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 cap of $9.26 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93. The company's 50 day simple moving average is $206.21 and its two-hundred day simple moving average is $198.81. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TLN. UBS Group reduced their price objective on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Bank of America began coverage on Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price for the company. Morgan Stanley began coverage on Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research report on Wednesday, March 5th. Finally, Evercore ISI initiated coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating for the company. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $240.18.

Talen Energy 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.