Artemis Investment Management LLP Sells 91,207 Shares of Talen Energy Corporation $TLN

Key Points

• Artemis Investment Management sold 91,207 shares of Talen Energy in Q4, trimming its stake by 62.3% to 55,114 shares — about 0.12% of the company valued at $20.66 million at the end of the period.
• Wall Street's consensus is a Moderate Buy (12 Buys, 2 Holds, 1 Sell) with a consensus price target of $450.67; Talen trades with a $16.9 billion market cap, a negative P/E of -75.34, and a 12‑month range of $216.20–$451.28.

Artemis Investment Management LLP reduced its stake in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 62.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,114 shares of the utilities provider's stock after selling 91,207 shares during the quarter. Artemis Investment Management LLP owned about 0.12% of Talen Energy worth $20,659,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in shares of Talen Energy by 1.6% during the third quarter. American Century Companies Inc. now owns 342,914 shares of the utilities provider's stock valued at $145,870,000 after buying an additional 5,389 shares in the last quarter. Reaves W H & Co. Inc. grew its holdings in shares of Talen Energy by 12.6% during the third quarter. Reaves W H & Co. Inc. now owns 1,410,537 shares of the utilities provider's stock valued at $600,014,000 after buying an additional 158,047 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Talen Energy during the third quarter valued at $2,485,000. Principal Financial Group Inc. grew its holdings in shares of Talen Energy by 2,067.8% during the third quarter. Principal Financial Group Inc. now owns 101,452 shares of the utilities provider's stock valued at $43,156,000 after buying an additional 96,772 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Talen Energy by 57.3% during the third quarter. Bank of New York Mellon Corp now owns 376,562 shares of the utilities provider's stock valued at $160,182,000 after buying an additional 137,182 shares in the last quarter. 0.38% of the stock is owned by institutional investors.

Talen Energy Stock Performance

TLN stock opened at $372.16 on Friday. The business's fifty day moving average is $339.39 and its 200-day moving average is $363.54. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 6.20. The company has a market cap of $16.90 billion, a P/E ratio of -75.34, a price-to-earnings-growth ratio of 0.53 and a beta of 1.90. Talen Energy Corporation has a twelve month low of $216.20 and a twelve month high of $451.28.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TLN shares. Raymond James Financial reiterated an "outperform" rating and set a $457.00 price target on shares of Talen Energy in a report on Monday. JPMorgan Chase & Co. reduced their price objective on Talen Energy from $448.00 to $421.00 and set an "overweight" rating for the company in a research report on Thursday, March 19th. Morgan Stanley set a $498.00 price objective on Talen Energy in a research report on Friday. Weiss Ratings cut Talen Energy from a "hold (c)" rating to a "sell (d+)" rating in a research report on Friday, February 27th. Finally, Wells Fargo & Company lifted their price objective on Talen Energy from $445.00 to $506.00 and gave the company an "overweight" rating in a research report on Tuesday, January 20th. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $450.67.

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).

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