28,090 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury acquired a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 28,090 shares of the company's stock, valued at approximately $1,381,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. bought a new stake in shares of TXNM Energy in the fourth quarter worth $497,880,000. FMR LLC bought a new position in shares of TXNM Energy in the fourth quarter worth about $191,594,000. Alliancebernstein L.P. purchased a new position in shares of TXNM Energy during the 4th quarter valued at about $123,764,000. Geode Capital Management LLC bought a new position in shares of TXNM Energy during the 4th quarter valued at approximately $105,148,000. Finally, Franklin Resources Inc. purchased a new stake in TXNM Energy in the 4th quarter worth approximately $79,524,000. Institutional investors own 91.68% of the company's stock.

TXNM Energy Trading Down 1.0 %

TXNM Energy stock opened at $53.15 on Thursday. The stock has a market cap of $4.92 billion, a P/E ratio of 27.68, a PEG ratio of 6.12 and a beta of 0.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $55.50. The firm's 50 day moving average price is $52.22 and its 200-day moving average price is $49.12.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting analysts' consensus estimates of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm had revenue of $476.96 million during the quarter, compared to analyst estimates of $496.05 million. On average, equities analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Analyst Ratings Changes

A number of research firms have commented on TXNM. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Scotiabank raised their target price on shares of TXNM Energy from $52.00 to $55.00 and gave the stock a "sector perform" rating in a research note on Monday, February 24th. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a research note on Tuesday, March 11th. Finally, Barclays raised their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $53.57.

TXNM Energy Profile

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity.

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