California State Teachers Retirement System Takes $3.96 Million Position in TXNM Energy, Inc. (NYSE:TXNM)

California State Teachers Retirement System purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 80,453 shares of the company's stock, valued at approximately $3,956,000. California State Teachers Retirement System owned about 0.09% of TXNM Energy as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

TXNM has been the subject of several recent analyst reports. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Mizuho lowered 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. Finally, Scotiabank increased their price objective on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Up 0.4%

Shares of NYSE:TXNM traded up $0.25 during midday trading on Friday, hitting $56.70. 437,827 shares of the company's stock were exchanged, compared to its average volume of 995,855. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $57.29. The company has a market cap of $5.25 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The stock has a 50 day moving average price of $53.64 and a 200-day moving average price of $51.02.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. TXNM Energy's quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

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.