Oregon Public Employees Retirement Fund Purchases Shares of 18,439 TXNM Energy, Inc. (NYSE:TXNM)

Oregon Public Employees Retirement Fund bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,439 shares of the company's stock, valued at approximately $986,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of TXNM Energy during the 4th quarter valued at approximately $497,880,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of TXNM Energy during the 4th quarter worth about $303,744,000. FMR LLC acquired a new stake in shares of TXNM Energy during the 4th quarter worth about $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new position in TXNM Energy in the 4th quarter valued at about $189,170,000. Finally, Zimmer Partners LP acquired a new position in TXNM Energy in the 4th quarter valued at about $165,816,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Price Performance

Shares of TXNM traded up $0.06 during mid-day trading on Wednesday, reaching $56.40. The company had a trading volume of 433,364 shares, compared to its average volume of 1,020,533. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19. The company's 50-day moving average is $55.60 and its 200-day moving average is $52.28. The company has a market capitalization of $5.23 billion, a P/E ratio of 25.07, a P/E/G ratio of 2.66 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm 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 company's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

Analyst Upgrades and Downgrades

TXNM has been the subject of several recent analyst reports. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Siebert Williams Shank downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Scotiabank increased their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, TXNM Energy presently has an average rating of "Hold" and an average price target 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.