O Brien Greene & Co. Inc Has $4.15 Million Holdings in Talen Energy Corporation $TLN

O Brien Greene & Co. Inc lessened its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 14.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,076 shares of the utilities provider’s stock after selling 1,869 shares during the period. Talen Energy accounts for 1.2% of O Brien Greene & Co. Inc’s holdings, making the stock its 25th biggest holding. O Brien Greene & Co. Inc’s holdings in Talen Energy were worth $4,152,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Talen Energy during the fourth quarter worth $27,000. Assetmark Inc. lifted its holdings in shares of Talen Energy by 581.8% during the third quarter. Assetmark Inc. now owns 75 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 64 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Talen Energy during the third quarter worth $34,000. Advisory Services Network LLC acquired a new position in shares of Talen Energy during the third quarter worth $35,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Talen Energy during the fourth quarter worth $39,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Talen Energy Price Performance

Shares of NASDAQ TLN opened at $334.24 on Friday. Talen Energy Corporation has a twelve month low of $232.34 and a twelve month high of $451.28. The firm has a fifty day simple moving average of $340.57 and a 200 day simple moving average of $361.27. The company has a market capitalization of $15.17 billion, a PE ratio of -498.86 and a beta of 1.90. The company has a quick ratio of 1.05, a current ratio of 1.25 and a debt-to-equity ratio of 6.32.

Analysts Set New Price Targets

A number of brokerages have recently commented on TLN. JPMorgan Chase & Co. cut their price target on shares of Talen Energy from $448.00 to $421.00 and set an “overweight” rating on the stock in a report on Thursday, March 19th. Morgan Stanley set a $498.00 target price on shares of Talen Energy in a research note on Friday, May 1st. Barclays lowered their target price on shares of Talen Energy from $425.00 to $408.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. BNP Paribas Exane assumed coverage on shares of Talen Energy in a research note on Wednesday, March 18th. They set an “outperform” rating and a $548.00 target price for the company. Finally, Weiss Ratings raised shares of Talen Energy from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $448.25.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).