Talen Energy Corp. (TLN) Bond Prices Rise 2.3%
An issue of Talen Energy Corp. (NYSE:TLN) debt rose 2.3% as a percentage of its face value during trading on Monday. The high-yield issue of debt has a 6.5% coupon and is set to mature on June 1, 2025. The debt is now trading at $85.50 and was trading at $80.25 last week. Price moves in a company’s debt in credit markets often anticipate parallel moves in its stock price.
A number of equities analysts have commented on TLN shares. Zacks Investment Research raised shares of Talen Energy Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, July 8th. Barclays PLC downgraded 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 report on Friday, June 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Talen Energy Corp. in a report on Thursday, August 25th. Seven equities research analysts have rated the stock with a hold rating, Talen Energy Corp. currently has a consensus rating of “Hold” and an average price target of $13.40.
Shares of Talen Energy Corp. (NYSE:TLN) opened at 13.90 on Tuesday. Talen Energy Corp. has a 1-year low of $5.73 and a 1-year high of $14.03. The company’s market capitalization is $1.79 billion. The firm has a 50-day moving average price of $13.83 and a 200-day moving average price of $12.90.
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Talen Energy Corp. (NYSE:TLN) last issued its quarterly 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. 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 analyst estimates of $869.16 million. Talen Energy Corp.’s revenue for the quarter was down 26.5% on a year-over-year basis. Equities analysts anticipate that Talen Energy Corp. will post $1.18 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of TLN. Acrospire Investment Management LLC raised its position in shares of Talen Energy Corp. by 42.5% in the second quarter. Acrospire Investment Management LLC now owns 7,374 shares of the company’s stock worth $100,000 after buying an additional 2,198 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Talen Energy Corp. by 313.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,575 shares of the company’s stock worth $116,000 after buying an additional 6,500 shares during the period. LGL Partners LLC acquired a new position in shares of Talen Energy Corp. during the first quarter worth approximately $124,000. Walleye Trading LLC acquired a new position in shares of Talen Energy Corp. during the second quarter worth approximately $130,000. Finally, Amalgamated Bank acquired a new position in shares of Talen Energy Corp. during the second quarter worth approximately $139,000. 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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