Free Trial

New Mexico Educational Retirement Board Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

TXNM Energy logo with Energy background

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Xponance Inc. acquired a new position in TXNM Energy during the 4th quarter worth $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of TXNM Energy in the 4th quarter valued at $8,369,000. Sei Investments Co. bought a new stake in shares of TXNM Energy in the 4th quarter valued at $9,270,000. LPL Financial LLC bought a new stake in shares of TXNM Energy in the 4th quarter valued at $470,000. Finally, Vanguard Group Inc. bought a new stake in shares of TXNM Energy in the 4th quarter valued at $497,880,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

TXNM has been the topic of several recent research reports. Barclays reaffirmed an "overweight" rating and set a $61.00 target price (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank lifted their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 20th. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $54.86.

Get Our Latest Research Report on TXNM Energy

TXNM Energy Stock Down 0.0%

TXNM Energy stock traded down $0.02 during midday trading on Tuesday, hitting $56.66. 1,359,487 shares of the stock were exchanged, compared to its average volume of 1,034,677. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week high of $57.29. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.13. The business's 50-day moving average price is $55.86 and its 200-day moving average price is $52.52. 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 results on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The business had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for TXNM Energy (NYSE:TXNM)

Should You Invest $1,000 in TXNM Energy Right Now?

Before you consider TXNM Energy, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TXNM Energy wasn't on the list.

While TXNM Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines