Orion Portfolio Solutions LLC Lowers Stock Position in Talen Energy Corporation (NASDAQ:TLN)

Orion Portfolio Solutions LLC cut its position in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 32.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,519 shares of the utilities provider's stock after selling 3,099 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Talen Energy were worth $1,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TLN. Pictet Asset Management Holding SA acquired a new position in shares of Talen Energy in the 4th quarter worth approximately $101,931,000. Norges Bank acquired a new stake in Talen Energy during the 4th quarter worth $2,819,000. Loomis Sayles & Co. L P increased its holdings in Talen Energy by 1.4% in the fourth quarter. Loomis Sayles & Co. L P now owns 216,116 shares of the utilities provider's stock valued at $43,541,000 after purchasing an additional 2,972 shares during the last quarter. Banco BTG Pactual S.A. bought a new stake in shares of Talen Energy in the 4th quarter valued at about $341,000. Finally, Situational Awareness LP bought a new stake in Talen Energy in the fourth quarter valued at approximately $27,980,000. 0.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TLN. JPMorgan Chase & Co. dropped their price objective on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. UBS Group increased their price objective on Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Barclays reduced their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a report on Tuesday, March 4th. Evercore ISI began coverage on shares of Talen Energy in a report on Friday, February 21st. They issued an "outperform" rating on the stock. Finally, Daiwa Capital Markets set a $200.00 target price on Talen Energy in a research note on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $241.09.

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Talen Energy Stock Performance

Shares of Talen Energy stock traded up $20.79 on Wednesday, reaching $203.41. 1,703,832 shares of the company traded hands, compared to its average volume of 1,136,800. 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 50 day moving average of $210.47 and a 200 day moving average of $196.03. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03. The firm has a market capitalization of $9.26 billion, a PE ratio of 10.89, a PEG ratio of 2.70 and a beta of 1.93.

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.