MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Makes New $2.80 Million Investment in TXNM Energy, Inc. (NYSE:TXNM)

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

A number of other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in shares of TXNM Energy during the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TXNM Energy during the 4th quarter valued at $38,000. LRI Investments LLC acquired a new stake in shares of TXNM Energy during the 4th quarter valued at $40,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TXNM Energy during the 4th quarter valued at $48,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of TXNM Energy during the 4th quarter valued at $53,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Stock Up 0.5%

Shares of TXNM traded up $0.30 during mid-day trading on Friday, reaching $56.68. The company's stock had a trading volume of 3,248,908 shares, compared to its average volume of 973,369. The business has a fifty day moving average of $53.15 and a 200 day moving average of $50.34. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 29.52, 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. 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 announced its quarterly earnings data 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 return on equity of 9.69% and a net margin of 9.26%. The firm had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

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

Analyst Ratings Changes

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