Artemis Wealth Advisors LLC Sells 4,500 Shares of Talen Energy Corporation $TLN

Key Points

• Artemis Wealth Advisors cut its stake in Talen Energy by 90% in Q3, selling 4,500 shares and retaining 500 shares valued at about $213,000 per its 13F filing.
• Talen trades near $335 with a $15.3B market cap, a 52‑week range of $158.08–$451.28 and a negative P/E (-67.79); analysts show a “Moderate Buy” consensus with a $430.09 target, though opinions range from Wells Fargo’s $506 overweight to a sell downgrade from Weiss.

Artemis Wealth Advisors LLC lessened its holdings in Talen Energy Corporation (NASDAQ:TLN - Free Report) by 90.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Atlantic Union Bankshares Corp acquired a new stake in Talen Energy in the second quarter valued at about $27,000. MAI Capital Management lifted its holdings in shares of Talen Energy by 115.7% in the second quarter. MAI Capital Management now owns 110 shares of the utilities provider's stock worth $32,000 after acquiring an additional 59 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of Talen Energy in the 3rd quarter valued at approximately $32,000. Assetmark Inc. grew its holdings in shares of Talen Energy by 581.8% during the 3rd quarter. Assetmark Inc. now owns 75 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in shares of Talen Energy by 5,100.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 156 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 0.38% of the company's stock.

Talen Energy Stock Down 0.5%

Talen Energy stock opened at $334.86 on Friday. The firm has a 50 day moving average price of $367.50 and a two-hundred day moving average price of $382.43. The company has a debt-to-equity ratio of 6.20, a quick ratio of 1.02 and a current ratio of 1.28. Talen Energy Corporation has a 52-week low of $158.08 and a 52-week high of $451.28. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of -67.79, a PEG ratio of 0.50 and a beta of 1.94.

Analyst Upgrades and Downgrades

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

Talen Energy 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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