Oregon Public Employees Retirement Fund Purchases New Stake in TXNM Energy, Inc. (NYSE:TXNM)

Oregon Public Employees Retirement Fund purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,439 shares of the company's stock, valued at approximately $986,000.

Several other institutional investors and hedge funds have also modified their holdings of TXNM. Shell Asset Management Co. acquired a new stake in TXNM Energy during the fourth quarter worth about $235,000. State of Alaska Department of Revenue acquired a new stake in TXNM Energy during the 1st quarter valued at approximately $565,000. Vanguard Group Inc. acquired a new stake in TXNM Energy during the 4th quarter valued at approximately $497,880,000. Captrust Financial Advisors acquired a new stake in TXNM Energy during the 4th quarter valued at approximately $307,000. Finally, GAMMA Investing LLC acquired a new stake in TXNM Energy during the 1st quarter valued at approximately $206,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Trading Down 0.0%

Shares of TXNM stock traded down $0.01 during trading hours on Monday, hitting $56.31. 965,306 shares of the company were exchanged, compared to its average volume of 1,022,861. The company has a 50 day simple moving average of $55.49 and a two-hundred day simple moving average of $52.19. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29. The firm has a market cap of $5.22 billion, a P/E ratio of 22.35, a P/E/G ratio of 2.66 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The business had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. TXNM Energy's quarterly revenue was up 10.5% on a year-over-year basis. Equities analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Scotiabank increased 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 report on Tuesday, May 20th. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Barclays reaffirmed an "overweight" rating and set a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.86.

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.