Crossmark Global Holdings Inc. Takes $276,000 Position in TXNM Energy, Inc. (NYSE:TXNM)

Crossmark Global Holdings Inc. purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,161 shares of the company's stock, valued at approximately $276,000.

A number of other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. bought a new stake in shares of TXNM Energy during the 4th quarter valued at $27,000. Versant Capital Management Inc bought a new stake in shares of TXNM Energy during the 1st quarter valued at $35,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TXNM Energy during the 4th quarter valued at $38,000. LRI Investments LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at $40,000. Finally, Fifth Third Bancorp bought a new stake in shares of TXNM Energy during the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

TXNM Energy Price Performance

Shares of TXNM Energy stock traded down $0.02 during trading on Thursday, hitting $56.68. 867,103 shares of the stock traded hands, compared to its average volume of 1,037,130. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 25.19, a PEG ratio of 2.68 and a beta of 0.13. The firm's fifty day moving average is $56.02 and its 200-day moving average is $52.58. 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). The firm had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The company's revenue was up 10.5% on a year-over-year basis. Research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

TXNM has been the topic of a number of analyst reports. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Scotiabank upped their target price on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Barclays restated an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One 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. According to MarketBeat.com, TXNM Energy presently has an average rating of "Hold" and an average price target of $54.86.

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.