New York State Teachers Retirement System Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

New York State Teachers Retirement System acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 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 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXNM. Bessemer Group Inc. bought a new position in TXNM Energy in the 4th quarter worth about $27,000. Versant Capital Management Inc bought a new position in shares of TXNM Energy during the 1st quarter valued at about $35,000. Aster Capital Management DIFC Ltd bought a new position in shares of TXNM Energy during the 4th quarter valued at about $38,000. LRI Investments LLC bought a new position in shares of TXNM Energy during the 4th quarter valued at about $40,000. Finally, Fifth Third Bancorp bought a new position in shares of TXNM Energy during the 1st quarter valued at about $40,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Down 0.0%

TXNM traded down $0.01 during trading on Monday, reaching $56.31. The stock had a trading volume of 965,306 shares, compared to its average volume of 1,022,861. The stock's 50 day moving average is $55.49 and its two-hundred day moving average is $52.19. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 2.66 and a beta of 0.13. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $57.29.

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

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Scotiabank increased their price objective on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 20th. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and set a $61.00 target price (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. 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's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target 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.