Atalan Capital Partners LP Sells 157,000 Shares of Talen Energy Corporation (NASDAQ:TLN)

Atalan Capital Partners LP cut its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 550,000 shares of the utilities provider's stock after selling 157,000 shares during the period. Talen Energy makes up 11.0% of Atalan Capital Partners LP's holdings, making the stock its 5th biggest holding. Atalan Capital Partners LP owned approximately 1.08% of Talen Energy worth $110,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the stock. Tidal Investments LLC acquired a new stake in shares of Talen Energy in the third quarter valued at $304,000. JPMorgan Chase & Co. acquired a new position in Talen Energy in the 3rd quarter valued at about $23,482,000. Everence Capital Management Inc. purchased a new stake in Talen Energy during the fourth quarter worth about $276,000. Capital Market Strategies LLC acquired a new stake in shares of Talen Energy during the fourth quarter worth about $252,000. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of Talen Energy in the fourth quarter valued at approximately $1,365,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Talen Energy Stock Down 1.6 %

Talen Energy stock traded down $3.66 during mid-day trading on Monday, hitting $222.28. The company had a trading volume of 768,461 shares, compared to its average volume of 1,104,028. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The business has a fifty day moving average of $201.02 and a 200 day moving average of $208.80. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 2.70 and a beta of 1.90.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TLN shares. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research note on Wednesday, March 5th. Evercore ISI began coverage on Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. UBS Group decreased their target price on Talen Energy from $275.00 to $259.00 and set a "buy" rating for the company in a report on Friday, April 11th. Bank of America assumed coverage on Talen Energy in a research report on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Twelve investment analysts have rated the stock with a buy rating, According to MarketBeat, Talen Energy presently 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.