Y Intercept Hong Kong Ltd Acquires New Stake in TXNM Energy, Inc. (NYSE:TXNM)

Y Intercept Hong Kong Ltd purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 7,505 shares of the company's stock, valued at approximately $401,000.

A number of other hedge funds have also modified their holdings of TXNM. Vanguard Group Inc. bought a new stake in TXNM Energy during the fourth quarter valued at about $497,880,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of TXNM Energy during the fourth quarter worth approximately $303,744,000. FMR LLC acquired a new stake in shares of TXNM Energy during the fourth quarter worth approximately $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of TXNM Energy during the fourth quarter worth approximately $189,170,000. Finally, Zimmer Partners LP acquired a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $165,816,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TXNM shares. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Scotiabank raised their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Finally, Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. 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 stock. Based on data from MarketBeat.com, TXNM Energy has an average rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Trading Up 0.0%

TXNM traded up $0.02 during trading on Friday, reaching $56.81. 483,193 shares of the company's stock were exchanged, compared to its average volume of 1,282,295. The company's fifty day moving average price is $56.60 and its 200-day moving average price is $53.26. 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 fifty-two week low of $39.60 and a fifty-two week high of $57.42. The firm has a market capitalization of $5.99 billion, a PE ratio of 25.24, a P/E/G ratio of 2.68 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.21). TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The business had revenue of $502.42 million for the quarter, compared to analyst estimates of $493.90 million. The firm's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be issued a $0.4075 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.63 annualized dividend and a dividend yield of 2.9%. TXNM Energy's payout ratio is 72.44%.

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.