Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 83.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,026 shares of the utilities provider's stock after selling 68,470 shares during the period. Alliancebernstein L.P.'s holdings in Talen Energy were worth $2,826,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allworth Financial LP raised its position in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after acquiring an additional 116 shares during the period. Jones Financial Companies Lllp bought a new stake in Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. bought a new stake in Talen Energy during the fourth quarter valued at $39,000. BNP Paribas Financial Markets purchased a new stake in Talen Energy in the third quarter valued at approximately $36,000. Finally, Empowered Funds LLC bought a new stake in shares of Talen Energy during the 4th quarter worth $42,000. Institutional investors own 0.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley started coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price objective for the company. Bank of America assumed 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. JPMorgan Chase & Co. dropped their target price on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating for the company. Finally, UBS Group decreased their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $240.18.

Talen Energy Trading Up 0.1 %

Shares of NASDAQ TLN traded up $0.26 during trading on Friday, reaching $203.46. The 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 quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The company has a market cap of $9.26 billion, a P/E ratio of 10.89, a PEG ratio of 2.70 and a beta of 1.93. The business's 50-day moving average price is $206.21 and its 200-day moving average price is $198.81.

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.