Deutsche Bank AG Has $20.40 Million Stake in TXNM Energy, Inc. (NYSE:TXNM)

Deutsche Bank AG trimmed its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 381,406 shares of the company's stock after selling 7,542 shares during the quarter. Deutsche Bank AG owned about 0.41% of TXNM Energy worth $20,398,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TXNM. Hughes Financial Services LLC bought a new position in TXNM Energy during the first quarter worth about $25,000. Bessemer Group Inc. bought a new position in TXNM Energy in the 4th quarter valued at about $27,000. Versant Capital Management Inc bought a new position in TXNM Energy in the 1st quarter valued at about $35,000. LRI Investments LLC bought a new position in TXNM Energy in the 4th quarter valued at about $40,000. Finally, Fifth Third Bancorp bought a new position in TXNM Energy in the 1st quarter valued at about $40,000. 91.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Scotiabank raised their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Price Performance

Shares of TXNM traded down $0.16 during mid-day trading on Friday, reaching $56.82. The company had a trading volume of 1,354,671 shares, compared to its average volume of 1,123,162. The company's 50 day simple moving average is $56.67 and its 200 day simple moving average is $54.00. TXNM Energy, Inc. has a 1-year low of $40.24 and a 1-year high of $57.42. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 29.29, a P/E/G ratio of 2.69 and a beta of 0.10.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.21). TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. The business had revenue of $502.42 million for the quarter, compared to analyst estimates of $493.90 million. The company's revenue was up 2.9% on a year-over-year basis. Analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.4075 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy's payout ratio is 84.02%.

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.