Talen Energy Corp (TLN) Bonds Rise 1.3% During Trading

An issue of Talen Energy Corp (NYSE:TLN) debt rose 1.3% as a percentage of its face value during trading on Monday. The debt issue has a 9.5% coupon and is set to mature on July 15, 2022. The bonds in the issue are now trading at $88.75 and were trading at $92.75 last week. Price changes in a company’s debt in credit markets often anticipate parallel changes in its stock price.

Shares of Talen Energy Corp (NYSE:TLN) remained flat at $14.00 during midday trading on Friday. 1,496,870 shares of the company were exchanged. Talen Energy Corp has a 52 week low of $7.24 and a 52 week high of $14.03. The company has a 50-day moving average price of $14.00 and a 200 day moving average price of $13.93.

Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of Talen Energy Corp by 10.8% in the third quarter. Acrospire Investment Management LLC now owns 8,174 shares of the utilities provider’s stock valued at $113,000 after buying an additional 800 shares during the period. BlackRock Inc. boosted its stake in shares of Talen Energy Corp by 14.4% in the third quarter. BlackRock Inc. now owns 66,797 shares of the utilities provider’s stock valued at $925,000 after buying an additional 8,422 shares during the period. Rhumbline Advisers boosted its stake in shares of Talen Energy Corp by 12.7% in the third quarter. Rhumbline Advisers now owns 175,747 shares of the utilities provider’s stock valued at $2,434,000 after buying an additional 19,859 shares during the period. American International Group Inc. boosted its stake in shares of Talen Energy Corp by 24.3% in the third quarter. American International Group Inc. now owns 212,363 shares of the utilities provider’s stock valued at $2,941,000 after buying an additional 41,468 shares during the period. Finally, Ontario Teachers Pension Plan Board boosted its stake in shares of Talen Energy Corp by 87.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 216,900 shares of the utilities provider’s stock valued at $3,004,000 after buying an additional 101,200 shares during the period. 98.98% of the stock is currently owned by institutional investors and hedge funds.

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About Talen Energy Corp

Talen Energy Corporation is a United States-based energy and power generation company. The Company owns or controls approximately 16,000 megawatts of capacity in wholesale power markets, principally in the Northeast, Mid-Atlantic and Southwest regions of the United States. The Company generates and sells electricity, capacity and related products from power plants that use fuel sources, such as nuclear, natural gas and coal.

12 Month Chart for NYSE:TLN

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