GPS Wealth Strategies Group LLC Makes New $307,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

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

A number of other hedge funds have also recently modified their holdings of TXNM. Bessemer Group Inc. bought a new position in TXNM Energy in the 4th quarter worth $27,000. Versant Capital Management Inc bought a new position in TXNM Energy in the 1st quarter worth $35,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy in the 4th quarter worth $38,000. LRI Investments LLC bought a new position in TXNM Energy in the 4th quarter worth $40,000. Finally, Fifth Third Bancorp bought a new position in TXNM Energy in the 1st quarter worth $40,000. Institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Siebert Williams Shank cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. 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. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Scotiabank increased their price objective on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 20th. Finally, Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $54.86.

TXNM Energy Stock Up 0.1%

TXNM traded up $0.05 during trading on Monday, hitting $56.59. The stock had a trading volume of 808,240 shares, compared to its average volume of 994,234. The company has a market capitalization of $5.24 billion, a PE ratio of 29.47, a PEG ratio of 6.12 and a beta of 0.13. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.29. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock has a 50 day simple moving average of $54.37 and a two-hundred day simple moving average of $51.45.

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

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.