5,200 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by Spirit of America Management Corp NY

Spirit of America Management Corp NY bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,200 shares of the company's stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Shell Asset Management Co. acquired a new position in TXNM Energy during the fourth quarter valued at $235,000. Vanguard Group Inc. acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $497,880,000. Captrust Financial Advisors acquired a new position in TXNM Energy in the fourth quarter valued at approximately $307,000. Two Sigma Advisers LP acquired a new position in TXNM Energy in the fourth quarter valued at approximately $24,762,000. Finally, Cetera Investment Advisers acquired a new position in TXNM Energy in the fourth quarter valued at approximately $236,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TXNM shares. Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Scotiabank upped their price objective on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $54.86.

TXNM Energy Stock Performance

NYSE:TXNM opened at $56.40 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29. The company has a fifty day moving average of $54.81 and a two-hundred day moving average of $51.62. The stock has a market capitalization of $5.23 billion, a PE ratio of 25.07, a P/E/G ratio of 2.68 and a beta of 0.13. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share 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 company had revenue of $482.79 million for the quarter, compared to analyst estimates of $451.01 million. The business's revenue was up 10.5% on a year-over-year basis. As a group, research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

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.

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