Inspire Investing LLC Invests $516,000 in TXNM Energy, Inc. $TXNM

Key Points

• Inspire Investing LLC has invested $516,000 in TXNM Energy, acquiring 9,647 shares of the company in the first quarter.
• TXNM Energy reported a quarterly EPS of $0.25, missing analysts' estimates, while also announcing a dividend of $0.4075, offering a yield of 2.9%.
• Research analysts have mixed ratings on TXNM Energy, with a consensus rating of “Moderate Buy” and a price target of $54.86, influenced by various rating changes from different institutions.

Inspire Investing LLC purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,647 shares of the company's stock, valued at approximately $516,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TXNM. BNP Paribas Financial Markets purchased a new stake in shares of TXNM Energy during the 4th quarter worth about $874,000. Baird Financial Group Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter worth about $236,000. Captrust Financial Advisors purchased a new stake in shares of TXNM Energy during the 4th quarter worth about $307,000. Cetera Investment Advisers purchased a new stake in shares of TXNM Energy during the 4th quarter worth about $236,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of TXNM Energy during the 4th quarter worth about $1,891,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotiabank increased their price objective on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays reissued an "overweight" rating and set a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TXNM Energy has a consensus rating of "Moderate Buy" and a consensus price target of $54.86.

TXNM Energy Stock Performance

TXNM opened at $56.85 on Friday. The firm has a market capitalization of $5.99 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.09. The stock's 50 day moving average price is $56.77 and its two-hundred day moving average price is $54.91. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.49. TXNM Energy, Inc. has a 12-month low of $41.65 and a 12-month high of $57.42.

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

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.4075 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.63 dividend on an annualized basis and a yield of 2.9%. TXNM Energy's dividend payout ratio (DPR) is 84.02%.

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.

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