Bank & Trust Co Buys Shares of 11,668 TXNM Energy, Inc. (NYSE:TXNM)

Bank & Trust Co acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,668 shares of the company's stock, valued at approximately $624,000.

Other hedge funds also recently made changes to their positions in the company. Xponance Inc. acquired a new position in TXNM Energy in the 4th quarter valued at approximately $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of TXNM Energy in the 4th quarter valued at $8,369,000. Sei Investments Co. bought a new position in shares of TXNM Energy in the 4th quarter valued at approximately $9,270,000. LPL Financial LLC acquired a new stake in TXNM Energy in the 4th quarter worth approximately $470,000. Finally, Vanguard Group Inc. acquired a new position in TXNM Energy during the fourth quarter valued at approximately $497,880,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

TXNM has been the topic of a number of research analyst reports. Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Scotiabank lifted their price target on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, 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. One research 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, the stock has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Price Performance

Shares of NYSE TXNM traded down $0.01 during mid-day trading on Wednesday, hitting $56.57. 1,219,059 shares of the stock were exchanged, compared to its average volume of 994,224. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The company has a market cap of $5.24 billion, a P/E ratio of 29.46, a PEG ratio of 6.12 and a beta of 0.11. The stock's fifty day simple moving average is $53.52 and its two-hundred day simple moving average is $50.92. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data 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 9.69% and a net margin of 9.26%. The firm had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy's quarterly revenue was up 10.5% on a year-over-year basis. As a group, analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy 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.