Artemis Wealth Advisors LLC Has $213,000 Stock Holdings in Talen Energy Corporation $TLN

Artemis Wealth Advisors LLC decreased its holdings in shares of Talen Energy Corporation (NASDAQ:TLN) by 90.0% during the 3rd quarter, Holdings Channel reports. The firm owned 500 shares of the utilities provider’s stock after selling 4,500 shares during the quarter. Artemis Wealth Advisors LLC’s holdings in Talen Energy were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Talen Energy by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,523,159 shares of the utilities provider’s stock valued at $1,924,061,000 after buying an additional 117,266 shares during the period. Reaves W H & Co. Inc. lifted its position in shares of Talen Energy by 12.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider’s stock valued at $600,014,000 after acquiring an additional 158,047 shares during the period. Geode Capital Management LLC boosted its stake in Talen Energy by 26.1% during the second quarter. Geode Capital Management LLC now owns 794,754 shares of the utilities provider’s stock worth $231,150,000 after acquiring an additional 164,734 shares in the last quarter. Third Point LLC boosted its stake in Talen Energy by 34.2% during the second quarter. Third Point LLC now owns 785,000 shares of the utilities provider’s stock worth $228,254,000 after acquiring an additional 200,000 shares in the last quarter. Finally, State Street Corp grew its holdings in Talen Energy by 151.0% in the second quarter. State Street Corp now owns 711,231 shares of the utilities provider’s stock worth $206,805,000 after purchasing an additional 427,910 shares during the period. 0.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TLN shares. Wells Fargo & Company upped their price objective on shares of Talen Energy from $445.00 to $506.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Barclays decreased their target price on Talen Energy from $457.00 to $425.00 and set an “overweight” rating for the company in a research report on Wednesday, February 11th. Morgan Stanley set a $474.00 price target on Talen Energy in a report on Friday, February 20th. Finally, Weiss Ratings cut Talen Energy from a “hold (c)” rating to a “sell (d+)” rating in a research note on Friday, February 27th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Talen Energy presently has an average rating of “Moderate Buy” and an average target price of $430.09.

Talen Energy Trading Down 0.5%

NASDAQ TLN opened at $334.86 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 6.20. The business has a fifty day simple moving average of $367.50 and a 200 day simple moving average of $382.43. Talen Energy Corporation has a 12 month low of $158.08 and a 12 month high of $451.28. The firm has a market capitalization of $15.30 billion, a P/E ratio of -67.79, a PEG ratio of 0.50 and a beta of 1.94.

Talen Energy Company Profile

Talen Energy Inc is an independent power producer that develops and operates a diversified portfolio of thermal and renewable generation facilities across the United States. The company supplies wholesale electricity and related services to utilities, large industrial customers, and power marketers, participating actively in regional markets such as PJM Interconnection and the Electric Reliability Council of Texas (ERCOT). Talen’s asset base comprises a mix of natural gas-fired, coal-fired and nuclear generation, supplemented by battery storage and other flexible resources designed to support the evolving needs of the grid.

Established in December 2015 through the combination of the competitive generation businesses previously held by two major utility groups, Talen Energy was structured as a standalone, publicly traded entity on the NASDAQ stock exchange (TLN).