17,778 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,778 shares of the company's stock, valued at approximately $874,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in shares of TXNM Energy during the fourth quarter valued at about $497,880,000. Jane Street Group LLC bought a new stake in shares of TXNM Energy in the fourth quarter worth about $3,692,000. Loomis Sayles & Co. L P bought a new stake in shares of TXNM Energy in the fourth quarter worth about $11,742,000. JPMorgan Chase & Co. bought a new stake in shares of TXNM Energy in the fourth quarter worth about $31,972,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of TXNM Energy in the fourth quarter worth about $5,093,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

TXNM has been the topic of several recent analyst reports. Scotiabank raised their target price on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Barclays reissued an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday. Finally, Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Up 0.5%

TXNM Energy stock traded up $0.30 during trading hours on Friday, hitting $56.68. 3,248,908 shares of the stock traded hands, compared to its average volume of 973,369. The firm's 50-day moving average price is $53.15 and its two-hundred day moving average price is $50.34. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The company has a market cap of $5.25 billion, a PE ratio of 29.52, a PEG ratio of 6.12 and a beta of 0.11. 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 for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.63 annualized dividend and a dividend yield of 2.88%. TXNM Energy's payout ratio is 72.44%.

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.