Diversified Trust Co Acquires Shares of 11,104 TXNM Energy, Inc. (NYSE:TXNM)

Diversified Trust Co bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,104 shares of the company's stock, valued at approximately $594,000.

Other institutional investors also recently modified their holdings of the company. Phillips Wealth Planners LLC purchased a new position in TXNM Energy during the 1st quarter valued at about $210,000. Tyche Wealth Partners LLC bought a new stake in shares of TXNM Energy in the 1st quarter worth approximately $362,000. Ausbil Investment Management Ltd purchased a new position in shares of TXNM Energy during the first quarter valued at approximately $9,635,000. Praxis Investment Management Inc. bought a new position in shares of TXNM Energy during the first quarter valued at approximately $232,000. Finally, Spirit of America Management Corp NY bought a new position in shares of TXNM Energy during the first quarter valued at approximately $278,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

TXNM Energy Trading Down 0.0%

Shares of NYSE TXNM opened at $56.37 on Monday. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19. The firm has a 50-day moving average of $55.15 and a 200 day moving average of $51.91. The stock has a market cap of $5.22 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.66 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The business had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, sell-side analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TXNM has been the topic of several recent analyst reports. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays restated an "overweight" rating and issued a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Finally, Scotiabank lifted 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 research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $54.86.

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.

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