South Dakota Investment Council Makes New $1.02 Million Investment in TXNM Energy, Inc. (NYSE:TXNM)

South Dakota Investment Council acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,115 shares of the company's stock, valued at approximately $1,022,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new position in shares of TXNM Energy in the 1st quarter valued at about $25,000. Bessemer Group Inc. acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $27,000. Versant Capital Management Inc acquired a new position in shares of TXNM Energy in the 1st quarter valued at about $35,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $38,000. Finally, LRI Investments LLC acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Ratings Changes

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

TXNM Energy Stock Performance

TXNM stock traded down $0.05 during midday trading on Wednesday, hitting $56.99. 473,698 shares of the company traded hands, compared to its average volume of 1,039,032. The business has a 50 day simple moving average of $56.17 and a 200-day simple moving average of $52.74. The stock has a market capitalization of $5.28 billion, a price-to-earnings ratio of 25.33, a price-to-earnings-growth ratio of 2.71 and a beta of 0.13. 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, Inc. has a twelve month low of $39.60 and a twelve month high of $57.42.

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 the consensus estimate of $0.20 by ($0.01). The company had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

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.