Balyasny Asset Management L.P. Cuts Holdings in Talen Energy Corporation (NASDAQ:TLN)

Balyasny Asset Management L.P. decreased its holdings in Talen Energy Corporation (NASDAQ:TLN) by 89.7% in the fourth quarter, according to its most recent disclosure 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.

A number of other hedge funds also recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its holdings in shares of Talen Energy by 6.1% in the 4th quarter. Ameriprise Financial Inc. now owns 4,518 shares of the utilities provider’s stock valued at $910,000 after acquiring an additional 261 shares during the period. Aristeia Capital L.L.C. bought a new stake in Talen Energy during the fourth quarter valued at about $228,000. 4D Advisors LLC purchased a new position in Talen Energy in the fourth quarter valued at about $4,533,000. Itau Unibanco Holding S.A. purchased a new position in Talen Energy in the fourth quarter valued at about $423,000. Finally, Castalian Partners LLC bought a new position in Talen Energy in the fourth quarter worth about $8,361,000. Hedge funds and other institutional investors own 0.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on TLN shares. UBS Group decreased their price target on shares of Talen Energy from $275.00 to $259.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Evercore ISI started coverage on shares of Talen Energy in a research note on Friday, February 21st. They issued an “outperform” rating for the company. Morgan Stanley started coverage on Talen Energy in a research report on Wednesday, March 12th. They set an “overweight” rating and a $243.00 price target on the stock. Bank of America assumed coverage on Talen Energy in a report on Monday, February 3rd. They set a “buy” rating and a $253.00 price objective for the company. Finally, Daiwa Capital Markets set a $200.00 price objective on Talen Energy in a research report on Wednesday, March 5th. Twelve analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $240.18.

Talen Energy Price Performance

Shares of NASDAQ:TLN opened at $225.26 on Monday. Talen Energy Corporation has a twelve month low of $98.50 and a twelve month high of $258.03. The company has a current ratio of 4.10, a quick ratio of 3.37 and a debt-to-equity ratio of 1.07. The company has a market cap of $10.25 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 2.70 and a beta of 1.90. The company’s 50 day moving average is $203.56 and its 200 day moving average is $210.19.

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.