Talen Energy Corp. (TLN) Stake Held by LSV Asset Management
LSV Asset Management continued to hold its position in Talen Energy Corp. (NYSE:TLN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,491 shares of the company’s stock at the end of the second quarter. LSV Asset Management’s holdings in Talen Energy Corp. were worth $142,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP acquired a new stake in shares of Talen Energy Corp. during the first quarter worth $315,000. Metropolitan Life Insurance Co. NY boosted its stake in shares of Talen Energy Corp. by 1.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 114,432 shares of the company’s stock worth $1,030,000 after buying an additional 1,654 shares during the period. Spark Investment Management LLC boosted its stake in shares of Talen Energy Corp. by 0.7% in the first quarter. Spark Investment Management LLC now owns 890,700 shares of the company’s stock worth $8,016,000 after buying an additional 6,100 shares during the period. Bank of Montreal Can acquired a new stake in shares of Talen Energy Corp. during the second quarter worth $1,178,000. Finally, LGL Partners LLC acquired a new stake in shares of Talen Energy Corp. during the first quarter worth $124,000. 96.63% of the stock is owned by institutional investors.
Shares of Talen Energy Corp. (NYSE:TLN) traded down 0.14% during midday trading on Tuesday, reaching $13.84. 1,053,263 shares of the company traded hands. The company’s market capitalization is $1.78 billion. The company has a 50 day moving average price of $13.75 and a 200 day moving average price of $12.29. Talen Energy Corp. has a 1-year low of $5.73 and a 1-year high of $14.03.
Talen Energy Corp. (NYSE:TLN) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.26. Talen Energy Corp. had a negative net margin of 7.14% and a positive return on equity of 2.23%. The company earned $697 million during the quarter, compared to analyst estimates of $869.16 million. The business’s revenue was down 26.5% compared to the same quarter last year. On average, analysts expect that Talen Energy Corp. will post $1.19 earnings per share for the current year.
A number of equities research analysts have weighed in on the stock. Deutsche Bank AG restated a “hold” rating on shares of Talen Energy Corp. in a report on Thursday, August 25th. Zacks Investment Research cut shares of Talen Energy Corp. from a “buy” rating to a “hold” rating in a report on Saturday, July 9th. Barclays PLC cut shares of Talen Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $14.00 price target on the stock. in a report on Friday, June 17th. SunTrust Banks Inc. cut shares of Talen Energy Corp. from a “buy” rating to a “neutral” rating in a report on Monday, June 6th. Finally, Evercore ISI cut shares of Talen Energy Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 6th. Seven analysts have rated the stock with a hold rating, Talen Energy Corp. presently has a consensus rating of “Hold” and a consensus target price of $13.67.
Talen Energy Corp. Company Profile
Talen Energy Corporation, through its principal subsidiary, Talen Energy Supply, LLC, is an energy and power generation and marketing company. The Company operates through two segments: East and West. The East segment includes the generating, marketing and trading activities in PJM Interconnection, LLC.
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