Talen Energy Corp. (NYSE:TLN) – Stock analysts at SunTrust Banks dropped their FY2017 EPS estimates for Talen Energy Corp. in a note issued to investors on Monday. SunTrust Banks analyst A. Agha now forecasts that the brokerage will earn $0.09 per share for the year, down from their prior estimate of $0.12. SunTrust Banks has a “Neutral” rating on the stock.

Talen Energy Corp. (NYSE:TLN) last released its earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.26. Talen Energy Corp. had a positive return on equity of 2.23% and a negative net margin of 7.14%. The company earned $697 million during the quarter, compared to the consensus estimate of $869.16 million. The company’s revenue for the quarter was down 26.5% on a year-over-year basis.

TLN has been the subject of a number of other reports. Zacks Investment Research downgraded Talen Energy Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, July 9th. Barclays PLC downgraded 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. Evercore ISI downgraded Talen Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 6th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Talen Energy Corp. in a research note on Thursday, August 25th. Seven analysts have rated the stock with a hold rating, Talen Energy Corp. presently has a consensus rating of “Hold” and an average price target of $13.67.

Talen Energy Corp. (NYSE:TLN) traded down 0.14% during midday trading on Tuesday, reaching $13.87. The company’s stock had a trading volume of 142,075 shares. The company’s market capitalization is $1.78 billion. Talen Energy Corp. has a 1-year low of $5.73 and a 1-year high of $14.03. The company’s 50-day moving average price is $13.77 and its 200-day moving average price is $12.34.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new position in Talen Energy Corp. during the second quarter valued at about $397,000. Wolverine Asset Management LLC acquired a new position in Talen Energy Corp. during the second quarter valued at about $1,324,000. Amalgamated Bank acquired a new position in Talen Energy Corp. during the second quarter valued at about $139,000. Legal & General Group Plc boosted its position in Talen Energy Corp. by 6.6% in the second quarter. Legal & General Group Plc now owns 23,999 shares of the company’s stock valued at $325,000 after buying an additional 1,486 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in Talen Energy Corp. by 1.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 116,529 shares of the company’s stock valued at $1,579,000 after buying an additional 2,097 shares during the last quarter. 96.63% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:TLN

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