Bosun Asset Management LLC Lowers Position in Talen Energy Corporation (NASDAQ:TLN)

Bosun Asset Management LLC trimmed its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 42.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,642 shares of the utilities provider’s stock after selling 2,652 shares during the quarter. Bosun Asset Management LLC’s holdings in Talen Energy were worth $734,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp acquired a new stake in shares of Talen Energy during the 4th quarter valued at about $37,000. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy in the 4th quarter valued at about $39,000. Empowered Funds LLC acquired a new position in Talen Energy in the 4th quarter worth about $42,000. Finally, Whipplewood Advisors LLC purchased a new position in Talen Energy during the fourth quarter worth approximately $53,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TLN has been the subject of a number of recent analyst reports. Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Morgan Stanley began coverage on shares of Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 price target for the company. UBS Group decreased their price objective on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating on the stock in a report on Friday, April 11th. Barclays cut 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 note on Tuesday, March 4th. Finally, Evercore ISI began coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $240.18.

Talen Energy Trading Down 1.6 %

Shares of Talen Energy stock opened at $222.28 on Tuesday. Talen Energy Corporation has a 1-year low of $98.50 and a 1-year high of $258.03. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The stock has a market cap of $10.12 billion, a P/E ratio of 11.90, a P/E/G ratio of 2.70 and a beta of 1.90. The stock’s 50 day simple moving average is $201.02 and its 200-day simple moving average is $208.80.

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.