Talen Energy Corporation (NASDAQ:TLN) Stake Trimmed by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Talen Energy Corporation (NASDAQ:TLN - Free Report) by 95.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,838 shares of the utilities provider's stock after selling 525,946 shares during the period. T. Rowe Price Investment Management Inc.'s holdings in Talen Energy were worth $5,005,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP raised its holdings in Talen Energy by 170.6% during the 4th 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 period. Jones Financial Companies Lllp acquired a new stake in Talen Energy during the 4th quarter worth about $37,000. Geneos Wealth Management Inc. acquired a new position in shares of Talen Energy in the 4th quarter valued at about $39,000. Empowered Funds LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth approximately $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Talen Energy in the fourth quarter worth approximately $53,000. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Trading Up 0.3 %

Shares of TLN stock opened at $211.56 on Monday. 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. The business's 50 day moving average is $201.72 and its two-hundred day moving average is $204.09. The company has a market cap of $9.63 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TLN. Morgan Stanley began coverage on shares of Talen Energy in a research report on Wednesday, March 12th. They issued an "overweight" rating and a $243.00 price target for the company. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a research report on Wednesday, March 5th. Barclays reduced 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 report on Tuesday, March 4th. JPMorgan Chase & Co. reduced their price target on shares of Talen Energy from $295.00 to $265.00 and set an "overweight" rating for the company in a research report on Friday, March 28th. Finally, Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They issued an "outperform" rating for the company. Twelve investment 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 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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