Artemis Wealth Advisors LLC Makes New $1.45 Million Investment in Talen Energy Corporation $TLN

Artemis Wealth Advisors LLC bought a new position in shares of Talen Energy Corporation (NASDAQ:TLN) in the second quarter, HoldingsChannel reports. The firm bought 5,000 shares of the utilities provider’s stock, valued at approximately $1,454,000. Talen Energy comprises about 0.2% of Artemis Wealth Advisors LLC’s investment portfolio, making the stock its 18th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Teacher Retirement System of Texas grew its holdings in shares of Talen Energy by 176.2% in the first quarter. Teacher Retirement System of Texas now owns 5,606 shares of the utilities provider’s stock valued at $1,119,000 after purchasing an additional 3,576 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Talen Energy by 114.9% in the 1st quarter. Principal Financial Group Inc. now owns 3,591 shares of the utilities provider’s stock worth $717,000 after buying an additional 1,920 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Talen Energy by 37.4% in the 1st quarter. Bank of New York Mellon Corp now owns 133,533 shares of the utilities provider’s stock worth $26,663,000 after buying an additional 36,325 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Talen Energy by 44.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 28,620 shares of the utilities provider’s stock worth $5,715,000 after buying an additional 8,814 shares during the last quarter. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Talen Energy during the 1st quarter valued at about $775,000. 0.38% of the stock is currently owned by institutional investors.

Talen Energy Price Performance

Shares of TLN stock opened at $395.25 on Wednesday. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 111.97, a P/E/G ratio of 2.45 and a beta of 1.83. The company has a current ratio of 1.84, a quick ratio of 1.34 and a debt-to-equity ratio of 2.39. Talen Energy Corporation has a twelve month low of $158.08 and a twelve month high of $451.28. The stock has a fifty day simple moving average of $406.97 and a two-hundred day simple moving average of $329.65.

Talen Energy (NASDAQ:TLN) last posted its quarterly earnings results on Thursday, August 7th. The utilities provider reported $1.50 EPS for the quarter, beating the consensus estimate of ($1.13) by $2.63. Talen Energy had a net margin of 8.75% and a return on equity of 17.81%. The business had revenue of $630.00 million during the quarter, compared to analyst estimates of $481.48 million. On average, analysts predict that Talen Energy Corporation will post 15.94 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TLN shares. Wall Street Zen upgraded Talen Energy from a “sell” rating to a “hold” rating in a report on Monday, August 11th. Oppenheimer set a $315.00 price target on Talen Energy and gave the stock an “outperform” rating in a research report on Friday, July 11th. Jefferies Financial Group boosted their price objective on shares of Talen Energy from $326.00 to $380.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Melius Research increased their target price on shares of Talen Energy from $427.00 to $576.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Talen Energy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Talen Energy has a consensus rating of “Moderate Buy” and an average price target of $395.64.

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.