OneDigital Investment Advisors LLC Decreases Stock Position in Talen Energy Corporation (NASDAQ:TLN)

OneDigital Investment Advisors LLC decreased its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 38.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,772 shares of the utilities provider's stock after selling 2,381 shares during the period. OneDigital Investment Advisors LLC's holdings in Talen Energy were worth $760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TLN. Allworth Financial LP raised its holdings in Talen Energy by 170.6% during the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider's stock worth $37,000 after buying an additional 116 shares during the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy during the 4th quarter valued at approximately $37,000. Geneos Wealth Management Inc. bought a new stake in Talen Energy in the 4th quarter valued at about $39,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy during the 4th quarter valued at approximately $42,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Talen Energy during the 4th quarter valued at $53,000. Institutional investors own 0.38% of the company's stock.

Talen Energy Price Performance

TLN stock traded up $0.52 during mid-day trading on Tuesday, hitting $213.95. The company had a trading volume of 532,620 shares, compared to its average volume of 1,109,379. The company has a 50-day moving average price of $200.57 and a 200 day moving average price of $205.31. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The company has a market capitalization of $9.74 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 2.70 and a beta of 1.93. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of Talen Energy from $275.00 to $259.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Evercore ISI initiated coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an "outperform" rating on the stock. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Barclays decreased their price target on shares of Talen Energy from $293.00 to $282.00 and set an "overweight" rating for the company in a research note on Tuesday, March 4th. Finally, Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They issued a "buy" rating and a $253.00 price target for the company. Twelve analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy has an average rating of "Buy" and a consensus target price of $240.18.

Talen Energy Company 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.