Marshall Wace LLP Lowers Stock Holdings in Talen Energy Corporation (NASDAQ:TLN)

Marshall Wace LLP lowered its holdings in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 66.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,300 shares of the utilities provider's stock after selling 12,408 shares during the quarter. Marshall Wace LLP's holdings in Talen Energy were worth $1,269,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new position in shares of Talen Energy during the 3rd quarter worth about $3,249,000. Tidal Investments LLC purchased a new stake in Talen Energy during the 3rd quarter worth approximately $304,000. SPX Gestao de Recursos Ltda acquired a new position in shares of Talen Energy during the third quarter valued at approximately $9,235,000. JPMorgan Chase & Co. purchased a new position in shares of Talen Energy in the third quarter valued at approximately $23,482,000. Finally, Everence Capital Management Inc. acquired a new stake in shares of Talen Energy in the fourth quarter worth approximately $276,000. 0.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on TLN shares. JPMorgan Chase & Co. decreased their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating on the stock in a report on Friday, March 28th. 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. 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 on the stock. UBS Group cut their price target on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research note on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $240.18.

Talen Energy Trading Down 1.1 %

TLN stock traded down $2.49 during mid-day trading on Monday, hitting $223.45. 115,692 shares of the company were exchanged, compared to its average volume of 1,101,152. The business has a fifty day simple moving average of $200.93 and a 200-day simple moving average of $208.46. The firm has a market capitalization of $10.17 billion, a P/E ratio of 11.92, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month 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.

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.