Charles Schwab Investment Management Inc. Trims Holdings in Talen Energy Corporation (NASDAQ:TLN)

Charles Schwab Investment Management Inc. trimmed its position in Talen Energy Corporation (NASDAQ:TLN) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 430,288 shares of the utilities provider’s stock after selling 2,088 shares during the period. Charles Schwab Investment Management Inc. owned about 0.85% of Talen Energy worth $86,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $1,398,000. Victory Capital Management Inc. acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $929,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $1,411,000. OneDigital Investment Advisors LLC acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $1,097,000. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Talen Energy during the 3rd quarter valued at about $33,866,000. 0.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on TLN. 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. Daiwa Capital Markets set a $200.00 target price on shares of Talen Energy in a research report on Wednesday, March 5th. Evercore ISI initiated coverage on shares of Talen Energy in a research report on Friday, February 21st. They set an “outperform” rating for the company. Barclays dropped 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 report on Tuesday, March 4th. Finally, UBS Group increased their target price on shares of Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Eleven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $241.20.

Talen Energy Stock Down 6.0 %

NASDAQ TLN opened at $165.75 on Tuesday. The stock has a market cap of $7.62 billion, a PE ratio of 8.87, a P/E/G ratio of 2.70 and a beta of 2.00. Talen Energy Corporation has a fifty-two week low of $98.50 and a fifty-two week high of $258.03. The business has a 50 day moving average price of $221.61 and a two-hundred day moving average price of $182.82. The company has a quick ratio of 3.37, a current ratio of 4.10 and a debt-to-equity ratio of 1.07.

Insiders Place Their Bets

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $204.35, for a total transaction of $999,988,155.45. Following the completion of the transaction, the insider now directly owns 6,475,107 shares in the company, valued at approximately $1,323,188,115.45. This represents a 43.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

About Talen Energy

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.