80,453 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by California State Teachers Retirement System

California State Teachers Retirement System acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 80,453 shares of the company's stock, valued at approximately $3,956,000. California State Teachers Retirement System owned 0.09% of TXNM Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC acquired a new position in TXNM Energy during the fourth quarter worth about $434,000. Mackenzie Financial Corp acquired a new position in shares of TXNM Energy in the fourth quarter valued at approximately $300,000. Public Employees Retirement System of Ohio acquired a new position in shares of TXNM Energy in the fourth quarter valued at approximately $3,857,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TXNM Energy in the fourth quarter valued at approximately $13,009,000. Finally, Voloridge Investment Management LLC acquired a new position in TXNM Energy during the fourth quarter worth approximately $921,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays reaffirmed an "overweight" rating and set a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. 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 downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Stock Up 0.5%

TXNM stock traded up $0.26 during mid-day trading on Friday, hitting $56.71. 749,231 shares of the company were exchanged, compared to its average volume of 997,228. The company has a market capitalization of $5.25 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 6.12 and a beta of 0.13. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.29. The firm has a fifty day simple moving average of $53.71 and a 200 day simple moving average of $51.08.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued 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). The firm had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company's revenue was up 10.5% on a year-over-year basis. On average, research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal 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.