Moody National Bank Trust Division Purchases New Holdings in TXNM Energy, Inc. (NYSE:TXNM)

Moody National Bank Trust Division bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 19,891 shares of the company's stock, valued at approximately $1,064,000.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in TXNM Energy during the fourth quarter worth about $27,000. Versant Capital Management Inc bought a new stake in shares of TXNM Energy in the 1st quarter worth approximately $35,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $38,000. LRI Investments LLC bought a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $40,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $48,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Price Performance

Shares of NYSE TXNM traded up $0.20 during mid-day trading on Wednesday, hitting $56.78. 393,679 shares of the stock were exchanged, compared to its average volume of 990,422. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The company has a market cap of $5.26 billion, a P/E ratio of 29.57, a PEG ratio of 6.12 and a beta of 0.11. The stock's fifty day simple moving average is $53.52 and its two-hundred day simple moving average is $50.92. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm'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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TXNM shares. Barclays restated an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Scotiabank increased their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Siebert Williams Shank downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. 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. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $54.86.

TXNM Energy 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.