Talen Energy Corporation (NASDAQ:TLN) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of Talen Energy Corporation (NASDAQ:TLN) by 83.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,026 shares of the utilities provider’s stock after selling 68,470 shares during the period. Alliancebernstein L.P.’s holdings in Talen Energy were worth $2,826,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. William Blair Investment Management LLC purchased a new stake in shares of Talen Energy during the 4th quarter worth about $239,984,000. Geode Capital Management LLC purchased a new position in Talen Energy during the third quarter worth approximately $100,317,000. Pictet Asset Management Holding SA acquired a new stake in Talen Energy in the fourth quarter valued at approximately $101,931,000. Clearbridge Investments LLC purchased a new stake in shares of Talen Energy in the fourth quarter valued at approximately $88,065,000. Finally, Vanguard Group Inc. raised its stake in shares of Talen Energy by 5.7% during the 4th quarter. Vanguard Group Inc. now owns 4,786,331 shares of the utilities provider’s stock worth $964,302,000 after buying an additional 256,414 shares during the period. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Talen Energy Price Performance

Talen Energy stock opened at $202.93 on Wednesday. The company’s 50 day simple moving average is $207.62 and its 200-day simple moving average is $198.21. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 2.70 and a beta of 1.93.

Analyst Ratings Changes

Several equities research analysts recently commented on TLN shares. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Morgan Stanley began coverage on Talen Energy in a report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 target price for the company. Finally, Bank of America initiated coverage on Talen Energy in a research note on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Talen Energy currently has an average rating of “Buy” and an average price target 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.