GPS Wealth Strategies Group LLC Buys Shares of 5,748 TXNM Energy, Inc. (NYSE:TXNM)

GPS Wealth Strategies Group LLC acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,748 shares of the company's stock, valued at approximately $307,000.

Other large investors have also bought and sold shares of the company. Bessemer Group Inc. bought a new position in TXNM Energy during the 4th quarter valued at $27,000. Versant Capital Management Inc bought a new position in TXNM Energy during the 1st quarter valued at $35,000. Fifth Third Bancorp bought a new position in TXNM Energy during the 1st quarter valued at $40,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy during the 4th quarter valued at $38,000. Finally, LRI Investments LLC bought a new position in TXNM Energy during the 4th quarter valued at $40,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Performance

TXNM Energy stock traded down $0.17 during midday trading on Friday, reaching $56.57. The stock had a trading volume of 788,668 shares, compared to its average volume of 995,096. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $57.29. The firm's 50-day moving average price is $54.22 and its 200 day moving average price is $51.36. The firm has a market capitalization of $5.24 billion, a PE ratio of 29.46, a P/E/G ratio of 6.12 and a beta of 0.13. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The company had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm's revenue was up 10.5% on a year-over-year basis. As a group, research analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TXNM. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Scotiabank lifted 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. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Finally, Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy 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.