Boston Partners Sells 108,909 Shares of Talen Energy Corporation (NASDAQ:TLN)

Boston Partners cut its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 62.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,473 shares of the utilities provider’s stock after selling 108,909 shares during the quarter. Boston Partners’ holdings in Talen Energy were worth $13,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TLN. Rubric Capital Management LP purchased a new position in Talen Energy during the third quarter valued at $2,026,342,000. Monarch Alternative Capital LP bought a new position in shares of Talen Energy in the 3rd quarter worth about $258,448,000. William Blair Investment Management LLC purchased a new position in Talen Energy during the 4th quarter valued at about $239,984,000. Mirabella Financial Services LLP bought a new stake in Talen Energy during the third quarter worth about $168,108,000. Finally, Sachem Head Capital Management LP purchased a new stake in Talen Energy in the third quarter worth about $167,724,000. 0.38% of the stock is owned by hedge funds and other institutional investors.

Talen Energy Trading Up 1.3 %

Shares of TLN stock opened at $212.96 on Friday. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. Talen Energy Corporation has a 12-month low of $98.50 and a 12-month high of $258.03. The stock has a market capitalization of $9.79 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.70 and a beta of 2.00. The firm’s 50 day moving average is $219.21 and its 200 day moving average is $187.02.

Analyst Upgrades and Downgrades

TLN has been the topic of a number of analyst reports. Morgan Stanley began coverage on Talen Energy in a research report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target on the stock. Oppenheimer boosted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Barclays reduced their price target 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 began coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating on the stock. Finally, Bank of America began coverage on shares of Talen Energy in a research note on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has a consensus rating of “Buy” and an average price target of $241.36.

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.