Janus Henderson Group PLC Purchases New Position in TXNM Energy, Inc. (NYSE:TXNM)

Janus Henderson Group PLC bought a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 38,421 shares of the company's stock, valued at approximately $1,891,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of TXNM. Vanguard Group Inc. bought a new stake in TXNM Energy during the 4th quarter valued at $497,880,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of TXNM Energy during the 4th quarter valued at $303,744,000. FMR LLC purchased a new position in shares of TXNM Energy during the 4th quarter valued at $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of TXNM Energy during the 4th quarter valued at $189,170,000. Finally, Alliancebernstein L.P. purchased a new position in shares of TXNM Energy during the 4th quarter valued at $123,764,000. Institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Barclays restated an "overweight" rating and set a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research report on Wednesday. Scotiabank boosted their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday. Finally, Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Price Performance

NYSE:TXNM traded up $0.30 during midday trading on Friday, hitting $56.68. The company had a trading volume of 3,248,908 shares, compared to its average volume of 973,369. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week high of $57.29. The stock's fifty day moving average price is $53.15 and its 200-day moving average price is $50.34. The company has a market capitalization of $5.25 billion, a PE ratio of 29.52, a P/E/G ratio of 6.12 and a beta of 0.11. 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 quarterly 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 9.26% and a return on equity of 9.69%. The business had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were given a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 2.88%. TXNM Energy's payout ratio is 72.44%.

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.