Artemis Wealth Advisors LLC Buys Shares of 4,000 Talen Energy Corporation (NASDAQ:TLN)

Artemis Wealth Advisors LLC bought a new stake in Talen Energy Corporation (NASDAQ:TLN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,000 shares of the utilities provider’s stock, valued at approximately $806,000. Talen Energy accounts for approximately 0.1% of Artemis Wealth Advisors LLC’s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Talen Energy in the third quarter valued at $36,000. Allworth Financial LP increased its position in shares of Talen Energy by 170.6% in the fourth quarter. Allworth Financial LP now owns 184 shares of the utilities provider’s stock valued at $37,000 after buying an additional 116 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Talen Energy in the fourth quarter valued at $39,000. Empowered Funds LLC purchased a new position in shares of Talen Energy in the fourth quarter valued at $42,000. Finally, First Horizon Advisors Inc. increased its position in shares of Talen Energy by 458.0% in the fourth quarter. First Horizon Advisors Inc. now owns 452 shares of the utilities provider’s stock valued at $91,000 after buying an additional 371 shares in the last quarter. Institutional investors and hedge funds own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TLN. Bank of America began coverage on Talen Energy in a research report on Monday, February 3rd. They issued a “buy” rating and a $253.00 price target for the company. Evercore ISI started coverage on Talen Energy in a research report on Friday. They set an “outperform” rating for the company. Oppenheimer lifted their price objective on Talen Energy from $225.00 to $250.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Barclays lifted their price objective on Talen Energy from $245.00 to $293.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, Daiwa Capital Markets started coverage on Talen Energy in a research report on Wednesday, December 4th. They set a “buy” rating and a $248.00 price objective for the company. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $247.10.

Insider Buying and Selling at Talen Energy

In other news, major shareholder Rubric Capital Management Lp sold 4,893,507 shares of Talen Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $204.35, for a total value of $999,988,155.45. Following the transaction, the insider now directly owns 6,475,107 shares of the company’s stock, valued at $1,323,188,115.45. The trade was a 43.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is owned by company insiders.

Talen Energy Stock Down 1.3 %

TLN opened at $215.85 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 4.10 and a quick ratio of 3.37. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 2.70 and a beta of 1.70. The business has a 50-day moving average of $222.33 and a two-hundred day moving average of $177.52. Talen Energy Corporation has a 12 month low of $69.06 and a 12 month high of $258.03.

Talen Energy Profile

Talen Energy Corporation is a U.S.-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.