Virtu Financial LLC Sells 17,211 Shares of Talen Energy Corporation (NASDAQ:TLN)

Virtu Financial LLC trimmed its stake in Talen Energy Corporation (NASDAQ:TLN) by 94.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,018 shares of the utilities provider’s stock after selling 17,211 shares during the quarter. Virtu Financial LLC’s holdings in Talen Energy were worth $205,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Talen Energy in the third quarter valued at about $520,000. JPMorgan Chase & Co. acquired a new stake in Talen Energy in the 3rd quarter valued at approximately $23,482,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Talen Energy in the 4th quarter worth approximately $240,000. Monarch Alternative Capital LP acquired a new position in shares of Talen Energy during the third quarter worth approximately $258,448,000. Finally, First Sabrepoint Capital Management LP bought a new stake in shares of Talen Energy in the third quarter valued at approximately $6,238,000. 0.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI assumed coverage on shares of Talen Energy in a research note on Friday, February 21st. They set an “outperform” rating for the company. Barclays cut 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 report on Tuesday, March 4th. Oppenheimer lifted their target price on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Finally, JPMorgan Chase & Co. decreased their price objective on Talen Energy from $295.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday. Twelve research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $241.09.

Talen Energy Price Performance

Talen Energy stock opened at $197.48 on Friday. The business has a 50 day simple moving average of $217.31 and a 200 day simple moving average of $191.31. Talen Energy Corporation has a one year low of $98.50 and a one year high of $258.03. The company has a market capitalization of $8.99 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 2.70 and a beta of 2.00. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37.

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.