Talen Energy Corp. (TLN) Bonds Rise 0.8% During Trading
An issue of Talen Energy Corp. (NYSE:TLN) bonds rose 0.8% against their face value during trading on Thursday. The debt issue has a 5.125% coupon and will mature on July 15, 2019. The debt is now trading at $95.78 and was trading at $94.50 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
TLN has been the subject of a number of research analyst reports. Barclays PLC lowered Talen Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research note on Friday, June 17th. Deutsche Bank AG restated a “hold” rating on shares of Talen Energy Corp. in a research note on Thursday, August 25th. Finally, Zacks Investment Research upgraded Talen Energy Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Friday, July 8th. Seven research analysts have rated the stock with a hold rating, Talen Energy Corp. has a consensus rating of “Hold” and an average price target of $13.40.
Talen Energy Corp. (NYSE:TLN) opened at 13.84 on Friday. Talen Energy Corp. has a 1-year low of $5.73 and a 1-year high of $14.03. The stock’s market cap is $1.78 billion. The firm’s 50 day moving average price is $13.84 and its 200-day moving average price is $12.92.
Talen Energy Corp. (NYSE:TLN) last issued its earnings results on Thursday, August 4th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.26. The firm earned $697 million during the quarter, compared to the consensus estimate 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 analysts anticipate that Talen Energy Corp. will post $1.18 earnings per share for the current year.
Several institutional investors have recently modified their holdings of TLN. Bank of Montreal Can purchased a new position in shares of Talen Energy Corp. during the second quarter worth approximately $1,178,000. Nisa Investment Advisors LLC increased its position in shares of Talen Energy Corp. by 68.8% in the second quarter. Nisa Investment Advisors LLC now owns 60,100 shares of the company’s stock worth $814,000 after buying an additional 24,500 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Talen Energy Corp. by 291.5% in the second quarter. BNP Paribas Arbitrage SA now owns 41,386 shares of the company’s stock worth $561,000 after buying an additional 30,815 shares during the last quarter. Royal Bank of Canada increased its position in shares of Talen Energy Corp. by 44.1% in the first quarter. Royal Bank of Canada now owns 18,299 shares of the company’s stock worth $165,000 after buying an additional 5,600 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its position 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 last quarter. Hedge funds and other institutional investors own 96.63% of the company’s stock.
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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