Brown Advisory Inc. Reduces Holdings in Talen Energy Corporation (NASDAQ:TLN)

Brown Advisory Inc. cut its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 14.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 535,433 shares of the utilities provider's stock after selling 91,408 shares during the quarter. Brown Advisory Inc. owned approximately 1.05% of Talen Energy worth $107,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new position in Talen Energy in the 3rd quarter worth about $304,000. JPMorgan Chase & Co. bought a new stake in Talen Energy during the 3rd quarter worth approximately $23,482,000. Everence Capital Management Inc. purchased a new stake in Talen Energy in the 4th quarter worth approximately $276,000. Capital Market Strategies LLC purchased a new position in shares of Talen Energy during the 4th quarter valued at $252,000. Finally, Harbor Capital Advisors Inc. bought a new position in shares of Talen Energy in the fourth quarter worth $1,365,000. Institutional investors own 0.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Barclays cut their price objective 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 initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an "outperform" rating for the company. UBS Group decreased their price target on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a report on Wednesday, March 5th. Twelve investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $240.18.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $225.94 on Monday. 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 stock has a market cap of $10.28 billion, a PE ratio of 12.10, a PEG ratio of 2.70 and a beta of 1.93. The company's fifty day moving average is $200.93 and its 200 day moving average is $208.46. Talen Energy Corporation has a 52 week low of $98.50 and a 52 week high of $258.03.

Talen Energy Profile

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.

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