Todays Report: Today: Lucus Advisors LLC Takes Position in Talen Energy Corp. (TLN)

Today: Lucus Advisors LLC Takes Position in Talen Energy Corp. (TLN)

Lucus Advisors LLC bought a new stake in shares of Talen Energy Corp. (NYSE:TLN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,367 shares of the company’s stock, valued at approximately $393,000.

A number of other large investors have also recently made changes to their positions in TLN. Teachers Advisors Inc. increased its stake in shares of Talen Energy Corp. by 5.3% in the first quarter. Teachers Advisors Inc. now owns 139,109 shares of the company’s stock valued at $1,252,000 after buying an additional 6,979 shares during the period. Panagora Asset Management Inc. increased its stake 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 valued at $8,293,000 after buying an additional 769,857 shares during the period. BNP Paribas Arbitrage SA increased its stake 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 valued at $561,000 after buying an additional 30,815 shares during the period. Nisa Investment Advisors LLC increased its stake 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 valued at $814,000 after buying an additional 24,500 shares during the period. Finally, Kassirer Asset Management Corp purchased a new stake in shares of Talen Energy Corp. during the second quarter valued at $3,660,000. Institutional investors own 98.98% of the company’s stock.

Talen Energy Corp. (NYSE:TLN) traded up 0.14% on Monday, reaching $13.95. 152,737 shares of the company were exchanged. The stock has a 50-day moving average price of $13.92 and a 200 day moving average price of $13.59. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.37 and a beta of 1.17. Talen Energy Corp. has a 52 week low of $5.73 and a 52 week high of $14.03.

Talen Energy Corp. (NYSE:TLN) last announced its quarterly earnings data on Thursday, November 10th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.07. Talen Energy Corp. had a net margin of 4.11% and a return on equity of 4.81%. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $977.73 million. During the same period in the prior year, the firm posted ($3.12) EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. Analysts forecast that Talen Energy Corp. will post $1.38 earnings per share for the current year.

Several equities research analysts have recently commented on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of Talen Energy Corp. in a research note on Thursday, August 25th. Zacks Investment Research upgraded shares of Talen Energy Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Seven equities research analysts have rated the stock with a hold rating, The stock 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.

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