216,768 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by Nuveen Asset Management LLC

Nuveen Asset Management LLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 216,768 shares of the company's stock, valued at approximately $10,658,000. Nuveen Asset Management LLC owned 0.24% of TXNM Energy at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd acquired a new position in TXNM Energy in the 4th quarter valued at approximately $38,000. LRI Investments LLC acquired a new position in shares of TXNM Energy during the 4th quarter worth $40,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of TXNM Energy during the 4th quarter worth $48,000. Finally, NewEdge Advisors LLC acquired a new position in shares of TXNM Energy during the 4th quarter worth $53,000. 91.68% of the stock is owned by institutional investors and hedge funds.

TXNM Energy Price Performance

Shares of TXNM stock traded down $0.07 on Friday, reaching $56.67. The company had a trading volume of 1,184,842 shares, compared to its average volume of 992,367. The stock has a market capitalization of $5.25 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $57.29. The business's 50-day moving average is $53.41 and its 200 day moving average is $50.74.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $482.79 million for the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. TXNM Energy's revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TXNM shares. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and raised their target price for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $54.86.

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.