Silver Point Capital Exits Position in Talen Energy Corp (TLN)

Talen Energy Corp (TLN) : Silver Point Capital has sold out all of its stake in Talen Energy Corp during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 1,434,800 shares of Talen Energy Corp which is valued at $19,685,456.

Other Hedge Funds, Including , Qs Investors boosted its stake in TLN in the latest quarter, The investment management firm added 211,342 additional shares and now holds a total of 225,681 shares of Talen Energy Corp which is valued at $3,096,343. Talen Energy Corp makes up approx 0.03% of Qs Investors’s portfolio.Shapiro Capital Management reduced its stake in TLN by selling 9,465,650 shares or 86.65% in the most recent quarter. The Hedge Fund company now holds 1,457,904 shares of TLN which is valued at $20,002,443. Talen Energy Corp makes up approx 0.52% of Shapiro Capital Management’s portfolio. O’shaughnessy Asset Management sold out all of its stake in TLN during the most recent quarter. The investment firm sold 2,381 shares of TLN which is valued $32,667.Dimensional Fund Advisors Lp boosted its stake in TLN in the latest quarter, The investment management firm added 324,961 additional shares and now holds a total of 423,826 shares of Talen Energy Corp which is valued at $5,806,416. Sage Financial Group Inc sold out all of its stake in TLN during the most recent quarter. The investment firm sold 62 shares of TLN which is valued $843.

Talen Energy Corp closed down -0.01 points or -0.07% at $13.8 with 7,24,189 shares getting traded on Thursday. Post opening the session at $13.78, the shares hit an intraday low of $13.71 and an intraday high of $13.83 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Talen Energy Corp reported $-0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.30. The company had revenue of $697.00 million for the quarter, compared to analysts expectations of $760.44 million. The company’s revenue was down -26.5 % compared to the same quarter last year.

Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity capacity and related products from a fleet of power plants that uses various fuel sources such as carbon-free nuclear natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas) two of the power markets in the United States. The Company also operates approximately three combined-cycle natural gas-fired power plants with over 2500 megawatts of generating capacity to its fleet which are located in New York western Massachusetts and western Arizona. The Company provides energy and power for homes and small and large businesses. Talen sells the output of its power plants to regional transmission organizations independent system operators utilities cooperatives municipalities and power marketers as well as commercial and industrial small business and residential customers.

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