Mackenzie Financial Corp Makes New $300,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Mackenzie Financial Corp acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 6,103 shares of the company's stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. acquired a new stake in TXNM Energy during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TXNM Energy in the 4th quarter valued at $38,000. LRI Investments LLC acquired a new stake in TXNM Energy during the 4th quarter worth $40,000. Nomura Asset Management Co. Ltd. purchased a new stake in TXNM Energy in the fourth quarter valued at $48,000. Finally, NewEdge Advisors LLC purchased a new stake in TXNM Energy in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Price Performance

Shares of NYSE:TXNM traded up $0.26 on Friday, reaching $56.71. 749,231 shares of the company were exchanged, compared to its average volume of 997,228. The company has a 50-day moving average of $53.64 and a 200-day moving average of $51.02. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $57.29.

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

Analysts Set New Price Targets

A number of research firms have recently commented on TXNM. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, TXNM Energy presently has a consensus rating of "Hold" and an average price target of $54.86.

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.