12,049 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Jennison Associates LLC

Jennison Associates LLC purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,049 shares of the company's stock, valued at approximately $644,000.

Several other institutional investors also recently modified their holdings of TXNM. Hughes Financial Services LLC bought a new position in TXNM Energy during the 1st quarter worth approximately $25,000. Bessemer Group Inc. bought a new position in TXNM Energy during the 4th quarter worth approximately $27,000. Versant Capital Management Inc bought a new position in TXNM Energy during the 1st quarter worth approximately $35,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy during the 4th quarter worth approximately $38,000. Finally, LRI Investments LLC bought a new position in TXNM Energy during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

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

TXNM Energy Stock Down 0.5%

Shares of TXNM stock traded down $0.30 during trading on Tuesday, reaching $57.07. The company's stock had a trading volume of 1,201,151 shares, compared to its average volume of 1,041,237. The business has a fifty day moving average price of $56.17 and a 200-day moving average price of $52.74. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 2.71 and a beta of 0.13. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $57.51.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The business had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. TXNM Energy's revenue was up 10.5% compared to the same quarter last year. Analysts anticipate 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.