Janus Henderson Group PLC Buys Shares of 38,421 TXNM Energy, Inc. (NYSE:TXNM)

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

Other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. bought a new position in shares of TXNM Energy in the 4th quarter worth about $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of TXNM Energy in the 4th quarter worth about $8,369,000. Sei Investments Co. bought a new position in shares of TXNM Energy in the 4th quarter worth about $9,270,000. LPL Financial LLC bought a new position in shares of TXNM Energy in the 4th quarter worth about $470,000. Finally, Vanguard Group Inc. bought a new position in shares of TXNM Energy in the 4th quarter worth about $497,880,000. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TXNM. Mizuho downgraded 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 target (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Scotiabank lifted 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 report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $54.86.

TXNM Energy Stock Performance

NYSE:TXNM traded up $0.17 during mid-day trading on Tuesday, hitting $56.89. The stock had a trading volume of 2,412,849 shares, compared to its average volume of 980,460. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of 29.63, a P/E/G ratio of 6.12 and a beta of 0.11. The company has a 50 day simple moving average of $53.25 and a 200-day simple moving average of $50.55. TXNM Energy, Inc. has a 52 week low of $39.60 and a 52 week high of $57.29. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $482.79 million for 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%. TXNM Energy's revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal 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.