Barclays PLC Acquires New Holdings in TXNM Energy, Inc. (NYSE:TXNM)

Barclays PLC acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 201,881 shares of the company's stock, valued at approximately $9,926,000. Barclays PLC owned 0.22% of TXNM Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. acquired a new position in TXNM Energy in the 4th quarter worth about $1,352,000. BTG Pactual Asset Management US LLC acquired a new position in shares of TXNM Energy during the fourth quarter valued at approximately $1,108,000. Sterling Capital Management LLC acquired a new position in shares of TXNM Energy during the fourth quarter valued at approximately $157,000. Quinn Opportunity Partners LLC acquired a new position in shares of TXNM Energy during the fourth quarter valued at approximately $981,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of TXNM Energy during the fourth quarter valued at approximately $5,282,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Ratings Changes

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

TXNM Energy Trading Up 0.9 %

Shares of TXNM stock traded up $0.48 on Monday, hitting $53.45. 373,105 shares of the stock traded hands, compared to its average volume of 859,068. The firm's 50-day moving average price is $52.17 and its two-hundred day moving average price is $49.06. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock has a market capitalization of $4.95 billion, a PE ratio of 27.84, a PEG ratio of 6.12 and a beta of 0.15. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $55.50.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $476.96 million for the quarter, compared to analysts' expectations of $496.05 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. As a group, analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.05%. TXNM Energy's dividend payout ratio (DPR) is currently 61.05%.

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.