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) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 6,247 shares of the company's stock, valued at approximately $307,000.

A number of other hedge funds have also recently made changes to their positions in TXNM. Xponance Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter worth $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of TXNM Energy during the 4th quarter worth $8,369,000. Sei Investments Co. purchased a new stake in shares of TXNM Energy during the 4th quarter worth $9,270,000. LPL Financial LLC purchased a new stake in shares of TXNM Energy during the 4th quarter worth $470,000. Finally, Vanguard Group Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter worth $497,880,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TXNM shares. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank upped their target price on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 20th. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday. Finally, Barclays reaffirmed 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 equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Trading Up 0.5%

TXNM Energy stock traded up $0.30 during trading on Monday, reaching $56.68. 3,248,908 shares of the company were exchanged, compared to its average volume of 973,369. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week 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. The company has a market capitalization of $5.25 billion, a P/E ratio of 29.52, a PEG ratio of 6.12 and a beta of 0.11. The stock's 50 day simple moving average is $53.20 and its two-hundred day simple moving average is $50.50.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.19 EPS 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 company had revenue of $482.79 million for the quarter, compared to analyst estimates of $451.01 million. TXNM Energy's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were given 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 dividend payout ratio is currently 72.44%.

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.