IndexIQ Advisors LLC purchased a new position in Talen Energy Corp. (NYSE:TLN) during the third quarter, according to its most recent filing with the SEC. The institutional investor purchased 74,122 shares of the company’s stock, valued at approximately $1,027,000. IndexIQ Advisors LLC owned about 0.06% of Talen Energy Corp. as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Teachers Advisors Inc. boosted its position in Talen Energy Corp. by 5.3% in the first quarter. Teachers Advisors Inc. now owns 139,109 shares of the company’s stock worth $1,252,000 after buying an additional 6,979 shares during the last quarter. Panagora Asset Management Inc. raised its stake in 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. BNP Paribas Arbitrage SA raised its stake in 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 period. Nisa Investment Advisors LLC raised its stake in 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 period. Finally, Bank of Montreal Can acquired a new stake in Talen Energy Corp. during the second quarter worth $1,178,000. Hedge funds and other institutional investors own 95.89% of the company’s stock.
Talen Energy Corp. (NYSE:TLN) traded up 0.036% during mid-day trading on Friday, hitting $13.935. 597,815 shares of the company’s stock traded hands. Talen Energy Corp. has a one year low of $5.73 and a one year high of $14.03. The stock has a market cap of $1.79 billion, a PE ratio of 10.361 and a beta of 1.17. The firm’s 50-day moving average price is $13.92 and its 200-day moving average price is $13.58.
Talen Energy Corp. (NYSE:TLN) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm earned $1.24 billion during the quarter, compared to the consensus estimate of $977.73 million. Talen Energy Corp. had a return on equity of 4.81% and a net margin of 4.11%. The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned ($3.12) EPS. On average, analysts forecast that Talen Energy Corp. will post $1.38 EPS for the current fiscal year.
A number of research firms recently weighed in on TLN. Zacks Investment Research raised shares of Talen Energy Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Deutsche Bank AG reaffirmed a “hold” rating on shares of Talen Energy Corp. in a research note on Thursday, August 25th. Seven investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $13.40.
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.