103,581 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 103,581 shares of the company's stock, valued at approximately $5,093,000. Envestnet Asset Management Inc. owned about 0.11% of TXNM Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TXNM. Xponance Inc. acquired a new stake in TXNM Energy during the 4th quarter worth about $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in TXNM Energy during the 4th quarter worth about $8,369,000. Sei Investments Co. acquired a new stake in TXNM Energy during the 4th quarter worth about $9,270,000. LPL Financial LLC acquired a new stake in TXNM Energy during the 4th quarter worth about $470,000. Finally, Vanguard Group Inc. acquired a new stake in TXNM Energy during the 4th quarter worth about $497,880,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TXNM has been the topic of a number of research reports. Barclays upped 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. Scotiabank upped 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. Mizuho upgraded TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a report on Tuesday, March 11th. Finally, Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and upped 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 issued a buy rating to the stock. Based on data from MarketBeat, TXNM Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.57.

TXNM Energy Stock Up 0.9 %

NYSE:TXNM traded up $0.48 during mid-day trading on Monday, reaching $53.45. The stock had a trading volume of 373,105 shares, compared to its average volume of 859,068. The business's 50 day moving average is $52.17 and its 200 day moving average is $49.06. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $55.50. The stock has a market cap of $4.95 billion, a P/E ratio of 27.84, 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 (NYSE:TXNM - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting analysts' consensus estimates of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The firm had revenue of $476.96 million for the quarter, compared to the consensus estimate of $496.05 million. As a group, sell-side analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The company 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. 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 presently 61.05%.

TXNM Energy Company 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.