Nomura Holdings Inc. Makes New $587,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Nomura Holdings Inc. purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,946 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors also recently modified their holdings of TXNM. Bessemer Group Inc. bought a new stake in shares of TXNM Energy during the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in TXNM Energy in the fourth quarter worth $38,000. LRI Investments LLC bought a new position in shares of TXNM Energy in the fourth quarter valued at $40,000. Nomura Asset Management Co. Ltd. bought a new position in shares of TXNM Energy in the fourth quarter valued at $48,000. Finally, NewEdge Advisors LLC bought a new position in shares of TXNM Energy during the fourth quarter valued at about $53,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Price Performance

Shares of NYSE:TXNM traded up $0.30 during midday trading on Friday, reaching $56.68. 3,248,908 shares of the company's stock traded hands, compared to its average volume of 973,369. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The company has a market cap of $5.25 billion, a P/E ratio of 29.52, a PEG ratio of 6.12 and a beta of 0.11. 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 fifty day simple moving average of $53.15 and a two-hundred day simple moving average of $50.34.

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

TXNM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 25th were paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend was Friday, April 25th. TXNM Energy's payout ratio is 72.44%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TXNM. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday. Scotiabank upped their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday. 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 research note on Tuesday, February 11th. Finally, Barclays reiterated an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $54.86.

About TXNM Energy

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.