Talen Energy Corporation (NASDAQ:TLN) Stake Decreased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lessened its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 45.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,000 shares of the utilities provider's stock after selling 55,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.13% of Talen Energy worth $13,096,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. purchased a new stake in Talen Energy in the 3rd quarter valued at approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Talen Energy in the fourth quarter valued at $240,000. Vanguard Group Inc. boosted its stake in shares of Talen Energy by 5.7% during the fourth quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider's stock valued at $964,302,000 after acquiring an additional 256,414 shares during the last quarter. Rhumbline Advisers increased its position in Talen Energy by 37.3% during the 4th quarter. Rhumbline Advisers now owns 5,530 shares of the utilities provider's stock worth $1,114,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Talen Energy in the 4th quarter valued at about $5,794,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Performance

Shares of Talen Energy stock traded up $2.60 on Friday, reaching $225.94. 719,797 shares of the company were exchanged, compared to its average volume of 1,105,664. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The firm has a market cap of $10.28 billion, a price-to-earnings ratio of 12.10, a P/E/G ratio of 2.70 and a beta of 1.93. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. The company's 50-day moving average is $200.65 and its two-hundred day moving average is $206.61.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays cut their price objective 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. Evercore ISI assumed coverage on Talen Energy in a report on Friday, February 21st. They set an "outperform" rating on the stock. Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They set an "overweight" rating and a $243.00 target price on the stock. UBS Group dropped their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.