Captrust Financial Advisors Acquires Shares of 6,247 TXNM Energy, Inc. (NYSE:TXNM)

Captrust Financial Advisors acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,247 shares of the company's stock, valued at approximately $307,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. bought a new position in shares of TXNM Energy in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy in the fourth quarter valued at approximately $38,000. Nomura Asset Management Co. Ltd. bought a new position in TXNM Energy in the fourth quarter valued at approximately $48,000. NewEdge Advisors LLC acquired a new position in shares of TXNM Energy in the 4th quarter valued at $53,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of TXNM Energy in the 4th quarter worth $83,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Barclays reiterated an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Scotiabank increased their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. One 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's stock. Based on data from MarketBeat.com, TXNM Energy presently has an average rating of "Hold" and an average price target of $54.86.

TXNM Energy Stock Up 0.5%

Shares of TXNM traded up $0.30 during midday trading on Friday, hitting $56.68. The stock had a trading volume of 3,248,908 shares, compared to its average volume of 973,369. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The company has a 50 day simple moving average of $53.15 and a two-hundred day simple moving average of $50.34. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.29. 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 (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 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%. The company's revenue was up 10.5% compared to the same quarter last year. On average, analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

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

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.