Prudential Financial Inc. Sells 2,531 Shares of Talen Energy Corporation (NASDAQ:TLN)

Prudential Financial Inc. cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 58.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,835 shares of the utilities provider's stock after selling 2,531 shares during the period. Prudential Financial Inc.'s holdings in Talen Energy were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allworth Financial LP lifted its position in shares of 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 purchasing an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new position in Talen Energy in the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. acquired a new position in Talen Energy during the 4th quarter worth $39,000. BNP Paribas Financial Markets acquired a new stake in shares of Talen Energy in the 3rd quarter valued at $36,000. Finally, Empowered Funds LLC acquired a new stake in shares of Talen Energy in the 4th quarter valued at $42,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Talen Energy Trading Up 0.8 %

Shares of TLN traded up $1.51 during trading hours on Tuesday, reaching $201.74. The stock had a trading volume of 76,154 shares, compared to its average volume of 1,127,214. The company has a market cap of $9.18 billion, a P/E ratio of 10.80, a P/E/G ratio of 2.70 and a beta of 1.93. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week 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 firm has a 50-day moving average of $208.34 and a 200 day moving average of $198.18.

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Analyst Ratings Changes

TLN has been the topic of several recent research reports. Barclays decreased their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating on the stock in a report on Tuesday, March 4th. Bank of America started coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 target price on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an "outperform" rating for the company. UBS Group reduced their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their target price 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. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $240.18.

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.