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

TXNM Energy logo with Energy background

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. KBC Group NV bought a new position in TXNM Energy during the first quarter worth $188,000. Shell Asset Management Co. purchased a new stake in shares of TXNM Energy in the fourth quarter valued at about $235,000. State of Alaska Department of Revenue purchased a new stake in shares of TXNM Energy in the first quarter valued at about $565,000. Vanguard Group Inc. purchased a new stake in TXNM Energy during the fourth quarter worth about $497,880,000. Finally, Captrust Financial Advisors purchased a new stake in TXNM Energy during the fourth quarter worth about $307,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Trading Down 0.1%

Shares of NYSE TXNM traded down $0.03 during mid-day trading on Thursday, hitting $56.27. The stock had a trading volume of 1,598,558 shares, compared to its average volume of 1,025,883. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The business has a 50 day moving average price of $55.66 and a two-hundred day moving average price of $52.31. The firm has a market cap of $5.21 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 2.66 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its earnings results 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 return on equity of 9.09% and a net margin of 10.13%. The firm had revenue of $482.79 million during the quarter, compared to analysts' expectations of $451.01 million. The firm's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

TXNM has been the subject of several recent research reports. Scotiabank lifted their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Barclays reiterated an "overweight" rating and set a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $54.86.

Get Our Latest Stock Analysis on TXNM

About TXNM Energy

(Free Report)

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.

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Institutional Ownership by Quarter for TXNM Energy (NYSE:TXNM)

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