Talen Energy Corp. (NYSE:TLN) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,997,468 shares, a growth of 63.4% from the October 14th total of 1,834,400 shares. Based on an average daily trading volume, of 595,526 shares, the days-to-cover ratio is presently 5.0 days. Currently, 4.7% of the shares of the stock are sold short.

Several analysts have weighed in on the stock. 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 reissued a “hold” rating on shares of Talen Energy Corp. in a research note on Thursday, August 25th. Seven equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $13.40.

Talen Energy Corp. (NYSE:TLN) opened at 13.95 on Wednesday. The company has a market capitalization of $1.79 billion, a PE ratio of 10.37 and a beta of 1.17. The firm has a 50-day moving average of $13.91 and a 200-day moving average of $13.57. 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 issued its quarterly earnings data on Thursday, November 10th. The company reported $0.68 earnings per share 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 business earned $1.24 billion during the quarter, compared to analysts’ expectations of $977.73 million. During the same quarter in the previous year, the company earned ($3.12) EPS. The business’s revenue was down 6.2% on a year-over-year basis. Equities analysts expect that Talen Energy Corp. will post $1.38 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the company. Advisor Partners LLC boosted its stake in shares of Talen Energy Corp. by 1.3% in the third quarter. Advisor Partners LLC now owns 10,730 shares of the company’s stock valued at $149,000 after buying an additional 138 shares during the period. Mycio Wealth Partners LLC boosted its stake in shares of Talen Energy Corp. by 1.6% in the third quarter. Mycio Wealth Partners LLC now owns 13,676 shares of the company’s stock valued at $189,000 after buying an additional 215 shares during the period. Valley National Advisers Inc. boosted its stake in shares of Talen Energy Corp. by 1.2% in the second quarter. Valley National Advisers Inc. now owns 20,557 shares of the company’s stock valued at $279,000 after buying an additional 246 shares during the period. Municipal Employees Retirement System of Michigan boosted its stake in shares of Talen Energy Corp. by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 28,840 shares of the company’s stock valued at $399,000 after buying an additional 400 shares during the period. Finally, Suntrust Banks Inc. boosted its stake 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 valued at $162,000 after buying an additional 434 shares during the period. Institutional investors and hedge funds own 95.89% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Talen Energy Corp. (TLN) Sees Significant Increase in Short Interest” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally copied and reposted in violation of international copyright and trademark legislation. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2016/11/23/talen-energy-corp-tln-sees-significant-increase-in-short-interest.html.

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.

5 Day Chart for NYSE:TLN

Receive News & Stock Ratings for Talen Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Talen Energy Corp. and related stocks with our FREE daily email newsletter.