Portolan Capital Management LLC Reduces Stock Position in Talen Energy Corporation (NASDAQ:TLN)

Portolan Capital Management LLC decreased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 30.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,381 shares of the utilities provider’s stock after selling 66,764 shares during the quarter. Talen Energy comprises approximately 2.1% of Portolan Capital Management LLC’s holdings, making the stock its 9th largest position. Portolan Capital Management LLC owned about 0.30% of Talen Energy worth $31,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TLN. Barclays PLC grew its position in Talen Energy by 400.3% during the fourth quarter. Barclays PLC now owns 58,030 shares of the utilities provider’s stock worth $11,692,000 after buying an additional 46,430 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in shares of Talen Energy during the 4th quarter worth approximately $330,000. Capital Fund Management S.A. bought a new stake in shares of Talen Energy during the fourth quarter valued at approximately $6,060,000. DRW Securities LLC raised its stake in shares of Talen Energy by 33.0% in the fourth quarter. DRW Securities LLC now owns 19,950 shares of the utilities provider’s stock valued at $4,019,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Talen Energy in the fourth quarter valued at $1,109,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Analyst Ratings Changes

TLN has been the topic of several analyst reports. Daiwa Capital Markets set a $200.00 price target on shares of Talen Energy in a report on Wednesday, March 5th. Barclays lowered their target price on shares of Talen Energy from $293.00 to $282.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 4th. 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. UBS Group dropped their target price on Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a report on Friday. Finally, JPMorgan Chase & Co. decreased their price target on Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a research note on Friday, March 28th. Twelve equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Talen Energy presently has a consensus rating of “Buy” and a consensus price target of $240.18.

Talen Energy Trading Up 0.8 %

Shares of NASDAQ TLN opened at $198.04 on Monday. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company has a 50-day moving average of $209.05 and a two-hundred day moving average of $197.63. The company has a market cap of $9.01 billion, a PE ratio of 10.60, a P/E/G ratio of 2.70 and a beta of 1.93. 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 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.