Bosun Asset Management LLC Sells 2,652 Shares of Talen Energy Corporation (NASDAQ:TLN)

Bosun Asset Management LLC cut its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 42.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,642 shares of the utilities provider's stock after selling 2,652 shares during the quarter. Bosun Asset Management LLC's holdings in Talen Energy were worth $734,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TLN. Brevan Howard Capital Management LP acquired a new position in shares of Talen Energy during the fourth quarter worth about $6,912,000. Bridgefront Capital LLC acquired a new position in Talen Energy during the 4th quarter worth approximately $668,000. Carronade Capital Management LP raised its holdings in shares of Talen Energy by 12.0% in the fourth quarter. Carronade Capital Management LP now owns 447,886 shares of the utilities provider's stock valued at $90,236,000 after purchasing an additional 47,886 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in shares of Talen Energy in the fourth quarter worth $6,599,000. Finally, Ameriprise Financial Inc. boosted its holdings in Talen Energy by 6.1% during the fourth quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider's stock worth $910,000 after purchasing an additional 261 shares during the last quarter. 0.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TLN. Evercore ISI assumed coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Barclays decreased their price target on Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Bank of America assumed coverage on Talen Energy in a research note on Monday, February 3rd. They set a "buy" rating and a $253.00 price objective on the stock. Finally, Morgan Stanley initiated 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $240.18.

Talen Energy Stock Performance

Shares of NASDAQ TLN traded down $3.35 during mid-day trading on Friday, reaching $225.26. 801,933 shares of the company were exchanged, compared to its average volume of 1,106,061. The stock has a market capitalization of $10.25 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.70 and a beta of 1.90. 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's 50-day simple moving average is $203.56 and its 200-day simple moving average is $209.78. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03.

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.