Boothbay Fund Management LLC Makes New $1.84 Million Investment in TXNM Energy, Inc. (NYSE:TXNM)

Boothbay Fund Management LLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 37,500 shares of the company's stock, valued at approximately $1,844,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $497,880,000. T. Rowe Price Investment Management Inc. acquired a new position in TXNM Energy in the fourth quarter valued at approximately $303,744,000. FMR LLC acquired a new position in TXNM Energy in the fourth quarter valued at approximately $191,594,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of TXNM Energy during the fourth quarter valued at approximately $189,170,000. Finally, Alliancebernstein L.P. acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $123,764,000. 91.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TXNM Energy Trading Up 1.0 %

TXNM traded up $0.55 during trading on Friday, reaching $53.57. The company had a trading volume of 452,231 shares, compared to its average volume of 855,610. The firm's 50-day simple moving average is $52.23 and its 200 day simple moving average is $49.18. 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 company has a market cap of $4.96 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 6.12 and a beta of 0.11. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $55.50.

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

TXNM Energy Announces Dividend

The firm 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 dividend of $0.4075 per share. 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 is 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.