17,500 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 17,500 shares of the company's stock, valued at approximately $936,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. New York State Teachers Retirement System bought a new position in TXNM Energy during the first quarter worth $4,682,000. KBC Group NV bought a new stake in TXNM Energy in the 1st quarter valued at $188,000. Amalgamated Bank acquired a new stake in shares of TXNM Energy in the 1st quarter valued at $2,135,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of TXNM Energy in the 1st quarter valued at $878,000. Finally, Shell Asset Management Co. acquired a new stake in shares of TXNM Energy in the 4th quarter valued at $235,000. Institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Scotiabank upped their price target on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. Finally, Barclays reissued an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Trading Up 0.1%

NYSE TXNM opened at $56.34 on Friday. The company has a market cap of $5.22 billion, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.66 and a beta of 0.13. TXNM Energy, Inc. has a 52 week low of $39.60 and a 52 week high of $57.29. The business has a 50 day moving average price of $55.78 and a 200-day moving average price of $52.41. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced 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 net margin of 10.13% and a return on equity of 9.09%. The business's revenue was up 10.5% on a year-over-year basis. As a group, equities analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding TXNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TXNM Energy, Inc. (NYSE:TXNM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.