Thompson Siegel & Walmsley LLC Sells 3,474 Shares of Talen Energy Corporation (NASDAQ:TLN)

Thompson Siegel & Walmsley LLC reduced its position in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,016 shares of the utilities provider's stock after selling 3,474 shares during the period. Thompson Siegel & Walmsley LLC's holdings in Talen Energy were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Rubric Capital Management LP purchased a new position in Talen Energy during the third quarter valued at approximately $2,026,342,000. Monarch Alternative Capital LP purchased a new position in Talen Energy during the third quarter valued at approximately $258,448,000. Mirabella Financial Services LLP purchased a new position in Talen Energy during the third quarter valued at approximately $168,108,000. Sachem Head Capital Management LP purchased a new position in Talen Energy during the third quarter valued at approximately $167,724,000. Finally, FMR LLC purchased a new position in Talen Energy during the third quarter valued at approximately $141,363,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of Talen Energy from $242.00 to $269.00 and gave the company a "buy" rating in a research report on Friday, January 3rd. Oppenheimer lifted their target price on shares of Talen Energy from $225.00 to $250.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. Barclays reduced their target price on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Finally, Morgan Stanley began coverage on shares of Talen Energy in a research note on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 target price for the company. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $241.36.

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Talen Energy Stock Performance

TLN stock traded up $7.55 on Wednesday, reaching $210.30. 1,037,888 shares of the company were exchanged, compared to its average volume of 1,113,513. Talen Energy Corporation has a 12 month low of $98.50 and a 12 month high of $258.03. The stock's fifty day moving average price is $219.37 and its 200 day moving average price is $186.68. The firm has a market capitalization of $9.67 billion, a PE ratio of 11.26, a PEG ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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.