MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases Shares of 56,901 TXNM Energy, Inc. (NYSE:TXNM)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,901 shares of the company's stock, valued at approximately $2,798,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of TXNM Energy as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter worth $497,880,000. T. Rowe Price Investment Management Inc. acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $303,744,000. FMR LLC acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new stake in TXNM Energy during the fourth quarter worth about $189,170,000. Finally, Alliancebernstein L.P. acquired a new position in TXNM Energy during the fourth quarter worth about $123,764,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Price Performance

TXNM Energy stock traded up $0.30 during mid-day trading on Monday, hitting $56.68. 3,248,908 shares of the company were exchanged, compared to its average volume of 973,369. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $57.29. The company has a market capitalization of $5.25 billion, a P/E ratio of 29.52, a PEG ratio of 6.12 and a beta of 0.11. The business's 50 day simple moving average is $53.20 and its two-hundred day simple moving average is $50.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted 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). TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The company had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. The company's revenue was up 10.5% on a year-over-year basis. Analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

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

Analyst Ratings Changes

TXNM has been the subject of a number of research reports. Barclays reiterated 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, May 21st. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank upped their target price on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, TXNM Energy presently has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Company 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.