Cetera Investment Advisers Invests $236,000 in TXNM Energy, Inc. (NYSE:TXNM)

Cetera Investment Advisers bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,795 shares of the company's stock, valued at approximately $236,000.

Other institutional investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in shares of TXNM Energy in the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy in the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in TXNM Energy in the 4th quarter worth approximately $48,000. NewEdge Advisors LLC purchased a new stake in TXNM Energy in the 4th quarter worth approximately $53,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of TXNM Energy in the 4th quarter worth approximately $83,000. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TXNM has been the subject of several research reports. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Scotiabank raised their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $54.86.

TXNM Energy Stock Performance

NYSE TXNM traded up $0.14 on Tuesday, hitting $56.68. 554,474 shares of the company traded hands, compared to its average volume of 990,999. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 6.12 and a beta of 0.11. 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 business's 50 day moving average price is $53.47 and its 200-day moving average price is $50.88. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week high of $57.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.26% and a return on equity of 9.69%. The business had revenue of $482.79 million during the quarter, compared to analysts' expectations of $451.01 million. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. Equities analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current 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.