PNC Financial Services Group Inc. Has $674,000 Holdings in Talen Energy Corporation (NASDAQ:TLN)

PNC Financial Services Group Inc. lessened its position in shares of Talen Energy Corporation (NASDAQ:TLN) by 12.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,347 shares of the utilities provider’s stock after selling 457 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Talen Energy were worth $674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TLN. BNP Paribas Financial Markets bought a new position in shares of Talen Energy during the 3rd quarter worth approximately $36,000. Allworth Financial LP boosted its holdings in shares of Talen Energy by 170.6% during the 4th quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock worth $37,000 after buying an additional 116 shares in the last quarter. Jones Financial Companies Lllp bought a new position in shares of Talen Energy during the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. bought a new position in shares of Talen Energy in the 4th quarter worth $39,000. Finally, Empowered Funds LLC bought a new position in shares of Talen Energy in the 4th quarter worth $42,000. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TLN. Morgan Stanley began coverage on Talen Energy in a report on Wednesday, March 12th. They issued an “overweight” rating and a $243.00 target price on the stock. Evercore ISI began coverage on Talen Energy in a report on Friday, February 21st. They issued an “outperform” rating on the stock. Bank of America began coverage on Talen Energy in a report on Monday, February 3rd. They issued a “buy” rating and a $253.00 target price on the stock. UBS Group increased their target price on Talen Energy from $242.00 to $269.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, Daiwa Capital Markets set a $200.00 target price on Talen Energy in a report on Wednesday, March 5th. Twelve investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $241.36.

Talen Energy Trading Down 2.1 %

Shares of Talen Energy stock opened at $202.74 on Wednesday. Talen Energy Corporation has a 1 year low of $98.50 and a 1 year high of $258.03. The firm has a market cap of $9.32 billion, a PE ratio of 10.85, a P/E/G ratio of 2.70 and a beta of 2.00. The stock has a fifty day moving average price of $219.37 and a 200-day moving average price of $186.68. 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.