75,560 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by NBC Securities Inc.

NBC Securities Inc. bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 75,560 shares of the company's stock, valued at approximately $4,040,000. NBC Securities Inc. owned 0.08% of TXNM Energy at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth about $497,880,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth about $303,744,000. FMR LLC acquired a new position in shares of TXNM Energy during the 4th quarter worth about $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth about $189,170,000. Finally, Zimmer Partners LP acquired a new position in shares of TXNM Energy during the 4th quarter worth about $165,816,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and upped their target price for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Scotiabank raised their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 20th. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays restated an "overweight" rating and issued a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Finally, Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Trading Up 0.4%

NYSE TXNM traded up $0.20 during mid-day trading on Thursday, reaching $56.74. 302,523 shares of the stock were exchanged, compared to its average volume of 991,018. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $57.29. The stock has a 50 day simple moving average of $53.58 and a 200-day simple moving average of $50.96. The stock has a market cap of $5.26 billion, a P/E ratio of 29.55, a P/E/G ratio of 6.12 and a beta of 0.11. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 net margin of 9.26% and a return on equity of 9.69%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS 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.