Balyasny Asset Management L.P. Sells 125,449 Shares of Talen Energy Corporation (NASDAQ:TLN)

Balyasny Asset Management L.P. reduced its holdings in Talen Energy Corporation (NASDAQ:TLN) by 89.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,338 shares of the utilities provider’s stock after selling 125,449 shares during the period. Balyasny Asset Management L.P.’s holdings in Talen Energy were worth $2,889,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Wedbush Securities Inc. grew its position in Talen Energy by 5.1% in the fourth quarter. Wedbush Securities Inc. now owns 1,261 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 61 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Talen Energy by 170.6% in the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 116 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Talen Energy in the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy during the 4th quarter valued at approximately $39,000. Finally, Empowered Funds LLC purchased a new stake in Talen Energy during the 4th quarter valued at $42,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Stock Down 1.5%

Shares of NASDAQ TLN opened at $225.26 on Monday. The stock has a 50 day moving average price of $203.56 and a 200 day moving average price of $210.19. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 2.70 and a beta of 1.90. Talen Energy Corporation has a 52-week low of $98.50 and a 52-week high of $258.03. The company has a debt-to-equity ratio of 1.07, a quick ratio of 3.37 and a current ratio of 4.10.

Analyst Upgrades and Downgrades

Several research analysts have commented on TLN shares. Barclays dropped their price objective 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. Morgan Stanley initiated coverage on shares of Talen Energy in a report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target on the stock. UBS Group decreased their price objective on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Bank of America started coverage on Talen Energy in a research report on Monday, February 3rd. They set a “buy” rating and a $253.00 target price for the company. Finally, Daiwa Capital Markets set a $200.00 price target on Talen Energy in a report on Wednesday, March 5th. Twelve research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $240.18.

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.