Moody Lynn & Lieberson LLC Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

Moody Lynn & Lieberson LLC acquired a new stake in 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 acquired 12,365 shares of the company's stock, valued at approximately $661,000.

Other hedge funds also recently modified their holdings of the company. Shell Asset Management Co. acquired a new position in shares of TXNM Energy during the fourth quarter worth approximately $235,000. Vanguard Group Inc. bought a new stake in TXNM Energy during the 4th quarter valued at $497,880,000. Captrust Financial Advisors acquired a new position in TXNM Energy during the fourth quarter worth $307,000. State of Alaska Department of Revenue bought a new position in shares of TXNM Energy in the first quarter valued at $565,000. Finally, Two Sigma Advisers LP bought a new position in shares of TXNM Energy in the fourth quarter valued at $24,762,000. Institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

TXNM has been the topic of a number of analyst reports. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Scotiabank raised 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. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Barclays reissued 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Stock Performance

NYSE TXNM traded up $0.04 during trading hours on Thursday, reaching $56.33. 442,347 shares of the company were exchanged, compared to its average volume of 1,021,223. The stock has a market capitalization of $5.22 billion, a P/E ratio of 25.03, a P/E/G ratio of 2.67 and a beta of 0.13. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The business's 50 day simple moving average is $55.37 and its 200-day simple moving average is $52.02.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The firm's revenue was up 10.5% on a year-over-year basis. On average, equities research analysts expect 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.