46,424 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of TXNM. Bessemer Group Inc. acquired a new stake in shares of TXNM Energy during the fourth quarter worth $27,000. Versant Capital Management Inc purchased a new stake in TXNM Energy during the first quarter valued at about $35,000. Fifth Third Bancorp acquired a new position in shares of TXNM Energy in the first quarter worth about $40,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TXNM Energy in the fourth quarter worth approximately $38,000. Finally, Financial Gravity Asset Management Inc. acquired a new stake in shares of TXNM Energy during the first quarter valued at approximately $41,000. Institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Scotiabank lifted their target price 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. Siebert Williams Shank cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Barclays reiterated an "overweight" rating and set a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Finally, Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $54.86.

TXNM Energy Stock Down 0.5%

Shares of NYSE TXNM traded down $0.30 during mid-day trading on Tuesday, reaching $57.07. 1,201,151 shares of the company's stock were exchanged, compared to its average volume of 1,041,237. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.80. The business has a fifty day simple moving average of $56.17 and a 200 day simple moving average of $52.74. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $57.51. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 25.36, a PEG ratio of 2.71 and a beta of 0.13.

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). TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The firm had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities analysts expect 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.