New York State Teachers Retirement System Invests $4.68 Million in TXNM Energy, Inc. (NYSE:TXNM)

New York State Teachers Retirement System bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 87,539 shares of the company's stock, valued at approximately $4,682,000. New York State Teachers Retirement System owned 0.09% of TXNM Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TXNM. Bessemer Group Inc. purchased a new position in TXNM Energy in the 4th quarter worth about $27,000. Versant Capital Management Inc purchased a new position in TXNM Energy during the 1st quarter valued at about $35,000. Aster Capital Management DIFC Ltd purchased a new position in TXNM Energy during the 4th quarter valued at about $38,000. LRI Investments LLC purchased a new position in TXNM Energy during the 4th quarter valued at about $40,000. Finally, Fifth Third Bancorp purchased a new position in TXNM Energy during the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on TXNM shares. 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 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. Barclays restated an "overweight" rating and issued a $61.00 price target (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. One 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. According to MarketBeat, TXNM Energy currently has an average rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Stock Performance

NYSE TXNM traded down $0.03 on Thursday, hitting $56.27. 1,598,558 shares of the company's stock traded hands, compared to its average volume of 1,025,883. 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 1-year low of $39.60 and a 1-year high of $57.29. The firm's 50-day moving average price is $55.66 and its two-hundred day moving average price is $52.31. The firm has a market capitalization of $5.21 billion, a PE ratio of 25.01, a P/E/G ratio of 2.66 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The company's quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

About TXNM Energy

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.