AQR Capital Management LLC Purchases Shares of 166,136 TXNM Energy, Inc. (NYSE:TXNM)

AQR Capital Management LLC bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 166,136 shares of the company's stock, valued at approximately $8,169,000. AQR Capital Management LLC owned about 0.18% of TXNM Energy as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in TXNM Energy during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy during the 4th quarter worth about $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in TXNM Energy in the fourth quarter valued at approximately $48,000. NewEdge Advisors LLC purchased a new position in TXNM Energy in the fourth quarter valued at about $53,000. Finally, CIBC Private Wealth Group LLC bought a new position in TXNM Energy during the 4th quarter valued at $83,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

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

TXNM Energy Trading Up 1.3%

Shares of NYSE TXNM traded up $0.68 during midday trading on Monday, reaching $53.57. 599,275 shares of the stock were exchanged, compared to its average volume of 850,178. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $4.96 billion, a P/E ratio of 27.95, a P/E/G ratio of 6.12 and a beta of 0.11. The stock has a 50 day moving average price of $52.38 and a 200-day moving average price of $49.64. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week high of $56.04.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Equities research analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.04%. TXNM Energy's dividend payout ratio (DPR) is 72.44%.

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.