Amalgamated Bank Buys Shares of 39,916 TXNM Energy, Inc. (NYSE:TXNM)

Amalgamated Bank purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,916 shares of the company's stock, valued at approximately $2,135,000.

Several other hedge funds have also modified their holdings of TXNM. Xponance Inc. purchased a new stake in shares of TXNM Energy during the fourth quarter valued at about $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in TXNM Energy in the fourth quarter valued at about $8,369,000. Sei Investments Co. purchased a new stake in TXNM Energy in the fourth quarter valued at about $9,270,000. LPL Financial LLC purchased a new stake in TXNM Energy in the fourth quarter valued at about $470,000. Finally, Vanguard Group Inc. purchased a new stake in TXNM Energy in the fourth quarter valued at about $497,880,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Price Performance

TXNM traded down $0.05 during trading on Tuesday, hitting $56.27. The company's stock had a trading volume of 195,467 shares, compared to its average volume of 1,019,592. The company has a current ratio of 0.29, a quick ratio of 0.19 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 $57.29. The business's fifty day simple moving average is $55.55 and its 200 day simple moving average is $52.25. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 2.66 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.19 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% compared to the same quarter last year. On average, equities research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on TXNM. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank increased 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. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One 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. Based on data from MarketBeat.com, 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.