SunTrust Banks Weighs in on Talen Energy Corp.’s Q4 2016 Earnings (TLN)
Talen Energy Corp. (NYSE:TLN) – SunTrust Banks raised their Q4 2016 earnings estimates for shares of Talen Energy Corp. in a research report issued to clients and investors on Thursday. SunTrust Banks analyst A. Agha now forecasts that the firm will earn ($0.50) per share for the quarter, up from their prior estimate of ($0.87). SunTrust Banks also issued estimates for Talen Energy Corp.’s Q1 2017 earnings at $0.29 EPS, Q2 2017 earnings at ($0.25) EPS, Q3 2017 earnings at $0.69 EPS, Q4 2017 earnings at ($0.49) EPS, FY2017 earnings at $0.23 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at ($0.34) EPS, Q3 2018 earnings at $0.60 EPS and FY2018 earnings at ($0.12) EPS.
TLN has been the topic of several other reports. Deutsche Bank AG restated a “hold” rating on shares of Talen Energy Corp. in a research report on Thursday, August 25th. 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. Seven investment analysts have rated the stock with a hold rating, Talen Energy Corp. presently has an average rating of “Hold” and a consensus target price of $13.40.
Talen Energy Corp. (NYSE:TLN) opened at 13.95 on Monday. The company’s market cap is $1.79 billion. The firm has a 50-day moving average of $13.89 and a 200 day moving average of $13.44. 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 posted its earnings results on Thursday, November 10th. The company reported $0.68 EPS for the quarter, topping the 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 firm earned $1.24 billion during the quarter, compared to analysts’ expectations of $977.73 million. During the same quarter in the prior year, the firm earned ($3.12) EPS. Talen Energy Corp.’s quarterly revenue was down 6.2% on a year-over-year basis.
Several institutional investors have recently added to or reduced their stakes in TLN. Teachers Advisors Inc. increased 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. Jacobs Levy Equity Management Inc. acquired a new position in Talen Energy Corp. during the first quarter worth approximately $2,762,000. Panagora Asset Management Inc. increased its position 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 last quarter. BNP Paribas Arbitrage SA increased its position 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 last quarter. Finally, Nisa Investment Advisors LLC increased its position 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 last quarter. 96.99% of the stock is owned by institutional investors.
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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