Talen Energy Corporation (NASDAQ:TLN) Shares Sold by OneDigital Investment Advisors LLC

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP increased its holdings in Talen Energy by 170.6% in 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 shares of Talen Energy in the fourth quarter worth $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy during the fourth quarter worth $39,000. Empowered Funds LLC acquired a new position in Talen Energy during the fourth quarter valued at $42,000. Finally, Whipplewood Advisors LLC purchased a new stake in Talen Energy in the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TLN shares. Morgan Stanley began coverage on Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price objective for the company. UBS Group decreased 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. Daiwa Capital Markets set a $200.00 price objective on shares of Talen Energy in a research note on Wednesday, March 5th. Barclays decreased their target price 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 started coverage on shares of Talen Energy in a research report on Monday, February 3rd. They issued 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, Talen Energy currently has a consensus rating of “Buy” and a consensus price target of $240.18.

Talen Energy Trading Up 0.3 %

Shares of TLN stock opened at $211.56 on Friday. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 11.33, a PEG ratio of 2.70 and a beta of 1.93. The company’s 50-day moving average price is $201.72 and its 200-day moving average price is $203.55. 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 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.