The Talen Energy Corp. (TLN) Bonds Trading 2.3% Higher

The Talen Energy Corp. (TLN) Bonds Trading 2.3% Higher

An issue of Talen Energy Corp. (NYSE:TLN) bonds rose 2.3% as a percentage of their face value during trading on Friday. The debt issue has a 6.5% coupon and will mature on June 1, 2025. The debt is now trading at $85.50 and was trading at $80.25 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 topic of several recent research reports. Zacks Investment Research raised shares of Talen Energy Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Friday, July 8th. Barclays PLC cut shares of Talen Energy Corp. from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Friday, June 17th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Talen Energy Corp. in a research report on Thursday, August 25th. Seven investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $13.40.

Shares of Talen Energy Corp. (NYSE:TLN) remained flat at $13.87 during midday trading on Friday. The company’s stock had a trading volume of 360,385 shares. The firm’s 50-day moving average is $13.82 and its 200 day moving average is $12.80. The firm’s market capitalization is $1.78 billion. Talen Energy Corp. has a 12 month low of $5.73 and a 12 month high of $14.03.

Talen Energy Corp. (NYSE:TLN) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.26. The business earned $697 million during the quarter, compared to analyst estimates of $869.16 million. Talen Energy Corp. had a negative net margin of 7.14% and a positive return on equity of 2.23%. Talen Energy Corp.’s revenue was down 26.5% on a year-over-year basis. On average, equities analysts expect that Talen Energy Corp. will post $1.18 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Valley National Advisers Inc. raised its position in Talen Energy Corp. by 1.2% in the second quarter. Valley National Advisers Inc. now owns 20,557 shares of the company’s stock worth $279,000 after buying an additional 246 shares during the last quarter. Suntrust Banks Inc. raised its position in shares of Talen Energy Corp. by 3.7% in the second quarter. Suntrust Banks Inc. now owns 12,087 shares of the company’s stock worth $162,000 after buying an additional 434 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of Talen Energy Corp. by 1.0% in the second quarter. Mutual of America Capital Management LLC now owns 48,014 shares of the company’s stock worth $651,000 after buying an additional 471 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Talen Energy Corp. by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 21,452 shares of the company’s stock worth $291,000 after buying an additional 521 shares in the last quarter. Finally, State Treasurer State of Michigan raised its position in shares of Talen Energy Corp. by 2.4% in the second quarter. State Treasurer State of Michigan now owns 25,802 shares of the company’s stock worth $350,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 96.63% of the company’s stock.

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