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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bessemer Group Inc. bought a new stake in TXNM Energy during the fourth quarter worth $27,000. Versant Capital Management Inc bought a new stake in TXNM Energy during the first quarter worth $35,000. Aster Capital Management DIFC Ltd bought a new stake in TXNM Energy during the fourth quarter worth $38,000. LRI Investments LLC bought a new position in shares of TXNM Energy in the 4th quarter valued at $40,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in shares of TXNM Energy in the 4th quarter valued at $48,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Performance

Shares of TXNM Energy stock traded down $0.07 during mid-day trading on Friday, hitting $56.67. 1,184,842 shares of the stock were exchanged, compared to its average volume of 992,367. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $57.29. The company has a 50-day simple moving average of $53.41 and a 200 day simple moving average of $50.77. 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 capitalization of $5.25 billion, a P/E ratio of 29.52, a P/E/G ratio of 6.12 and a beta of 0.11.

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

Analyst Ratings Changes

TXNM has been the subject of a number of research reports. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays restated an "overweight" rating and issued a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the company 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 report on Tuesday, May 20th. Finally, Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.