Bridgewater Associates LP Reduces Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Bridgewater Associates LP reduced its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,368 shares of the utilities provider's stock after selling 2,625 shares during the period. Bridgewater Associates LP's holdings in Talen Energy were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TLN. JPMorgan Chase & Co. acquired a new stake in shares of Talen Energy during the third quarter valued at about $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Talen Energy in the fourth quarter valued at $240,000. Vanguard Group Inc. increased its holdings in Talen Energy by 5.7% in the fourth 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 last quarter. Rhumbline Advisers increased its holdings in Talen Energy by 37.3% in the fourth quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock valued at $1,114,000 after buying an additional 1,503 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in Talen Energy in the fourth quarter valued at $5,794,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TLN. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Barclays reduced their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research report on Tuesday, March 4th. UBS Group reduced their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. Finally, 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 on the stock. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy currently has a consensus rating of "Buy" and an average price target of $240.18.

Talen Energy Trading Up 4.9 %

Shares of NASDAQ TLN traded up $9.68 during midday trading on Wednesday, hitting $207.27. The stock had a trading volume of 380,480 shares, compared to its average volume of 1,117,892. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. The company has a fifty day moving average price of $203.84 and a 200 day moving average price of $201.30.

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.