Louisiana State Employees Retirement System increased its stake in Talen Energy Corp. (NYSE:TLN) by 30.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 22,300 shares of the company’s stock after buying an additional 5,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Talen Energy Corp. were worth $309,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of TLN. Acrospire Investment Management LLC boosted its position in Talen Energy Corp. by 42.5% in the second quarter. Acrospire Investment Management LLC now owns 7,374 shares of the company’s stock valued at $100,000 after buying an additional 2,198 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Talen Energy Corp. by 313.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,575 shares of the company’s stock valued at $116,000 after buying an additional 6,500 shares during the period. Walleye Trading LLC bought a new position in Talen Energy Corp. during the second quarter valued at $130,000. Amalgamated Bank bought a new position in Talen Energy Corp. during the second quarter valued at $139,000. Finally, Advisor Partners LLC bought a new position in Talen Energy Corp. during the second quarter valued at $144,000. Institutional investors own 95.89% of the company’s stock.
Talen Energy Corp. (NYSE:TLN) remained flat at $13.93 during trading on Friday. The stock had a trading volume of 679,615 shares. Talen Energy Corp. has a 1-year low of $5.73 and a 1-year high of $14.03. The firm’s 50-day moving average is $13.92 and its 200-day moving average is $13.59. The stock has a market capitalization of $1.79 billion, a PE ratio of 10.36 and a beta of 1.17.
Talen Energy Corp. (NYSE:TLN) last issued its quarterly earnings data on Thursday, November 10th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.07. The firm earned $1.24 billion during the quarter, compared to analysts’ expectations of $977.73 million. Talen Energy Corp. had a return on equity of 4.81% and a net margin of 4.11%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted ($3.12) EPS. On average, equities research analysts anticipate that Talen Energy Corp. will post $1.38 EPS for the current year.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Talen Energy Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Deutsche Bank AG reiterated a “hold” rating on shares of Talen Energy Corp. in a research report 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 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.