Acrospire Investment Management LLC Increases Position in Talen Energy Corp. (TLN)
Acrospire Investment Management LLC raised its position in shares of Talen Energy Corp. (NYSE:TLN) by 42.5% during the second quarter, Holdings Channel reports. The firm owned 7,374 shares of the company’s stock after buying an additional 2,198 shares during the period. Acrospire Investment Management LLC’s holdings in Talen Energy Corp. were worth $100,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Talen Energy Corp. by 229,075.2% in the first quarter. JPMorgan Chase & Co. now owns 3,515,547 shares of the company’s stock worth $31,639,000 after buying an additional 3,514,013 shares during the period. Norges Bank acquired a new stake in shares of Talen Energy Corp. during the fourth quarter worth about $10,781,000. Panagora Asset Management Inc. boosted its stake in shares of Talen Energy Corp. by 507.9% in the first quarter. Panagora Asset Management Inc. now owns 921,420 shares of the company’s stock worth $8,293,000 after buying an additional 769,857 shares during the period. Emerald Acquisition Ltd. acquired a new stake in shares of Talen Energy Corp. during the second quarter worth about $4,637,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Talen Energy Corp. during the first quarter worth about $2,762,000. 96.63% of the stock is owned by institutional investors.
Shares of Talen Energy Corp. (NYSE:TLN) traded down 0.14% on Thursday, reaching $13.87. 279,567 shares of the company’s stock traded hands. The firm’s market cap is $1.78 billion. Talen Energy Corp. has a 12-month low of $5.73 and a 12-month high of $14.03. The stock has a 50-day moving average of $13.77 and a 200 day moving average of $12.34.
Talen Energy Corp. (NYSE:TLN) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.26. The firm had revenue of $697 million for the quarter, compared to analysts’ expectations of $869.16 million. Talen Energy Corp. had a negative net margin of 7.14% and a positive return on equity of 2.23%. The company’s revenue was down 26.5% on a year-over-year basis. On average, equities research analysts expect that Talen Energy Corp. will post $1.19 earnings per share for the current year.
A number of equities research analysts have recently issued reports on TLN shares. Barclays PLC cut shares of Talen Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research note on Friday, June 17th. Deutsche Bank AG reissued a “hold” rating on shares of Talen Energy Corp. in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Talen Energy Corp. from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday, July 8th. Evercore ISI cut shares of Talen Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Finally, SunTrust Banks Inc. cut shares of Talen Energy Corp. from a “buy” rating to a “neutral” rating in a research report on Monday, June 6th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $13.67.
About Talen Energy Corp.
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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