Mutual of America Capital Management LLC Makes New $2.48 Million Investment in TXNM Energy, Inc. (NYSE:TXNM)

Mutual of America Capital Management LLC purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 46,424 shares of the company's stock, valued at approximately $2,483,000. Mutual of America Capital Management LLC owned 0.05% of TXNM Energy at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new stake in TXNM Energy during the 1st quarter worth about $11,181,000. Allspring Global Investments Holdings LLC bought a new stake in TXNM Energy in the first quarter valued at $878,000. New York State Teachers Retirement System bought a new stake in TXNM Energy in the first quarter valued at $4,682,000. KBC Group NV bought a new stake in TXNM Energy in the first quarter valued at $188,000. Finally, Amalgamated Bank bought a new stake in TXNM Energy in the first quarter valued at $2,135,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on TXNM. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays reaffirmed an "overweight" rating and issued a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Scotiabank lifted their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 20th. Finally, Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $54.86.

TXNM Energy Stock Up 0.4%

Shares of NYSE TXNM opened at $56.89 on Friday. The stock has a market capitalization of $5.27 billion, a P/E ratio of 25.28, a P/E/G ratio of 2.68 and a beta of 0.13. The company has a 50-day moving average price of $56.17 and a 200-day moving average price of $52.69. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The company's quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

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.

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