Westwood Holdings Group Inc. Purchases Shares of 1,612,120 TXNM Energy, Inc. (NYSE:TXNM)

Westwood Holdings Group Inc. purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,612,120 shares of the company's stock, valued at approximately $79,268,000. Westwood Holdings Group Inc. owned approximately 1.79% of TXNM Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of TXNM Energy in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in TXNM Energy during the 4th quarter valued at $38,000. LRI Investments LLC acquired a new stake in TXNM Energy during the 4th quarter valued at $40,000. Nomura Asset Management Co. Ltd. acquired a new stake in TXNM Energy during the 4th quarter valued at $48,000. Finally, NewEdge Advisors LLC acquired a new stake in TXNM Energy during the 4th quarter valued at $53,000. Institutional investors own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TXNM shares. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Barclays reissued an "overweight" rating and set a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday. Scotiabank boosted their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Finally, Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Up 0.5%

Shares of TXNM Energy stock traded up $0.30 on Friday, hitting $56.68. 3,248,908 shares of the company traded hands, compared to its average volume of 973,369. The company has a 50-day moving average price of $53.15 and a 200 day moving average price of $50.34. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $57.29. The company has a market cap of $5.25 billion, a PE ratio of 29.52, a PEG ratio of 6.12 and a beta of 0.11.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The company's revenue was up 10.5% compared to the same quarter last year. Sell-side analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

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