NBC Securities Inc. Acquires New Shares in TXNM Energy, Inc. (NYSE:TXNM)

NBC Securities Inc. acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 75,560 shares of the company's stock, valued at approximately $4,040,000. NBC Securities Inc. owned 0.08% of TXNM Energy as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Bessemer Group Inc. bought a new position in TXNM Energy during the 4th quarter valued at about $27,000. Versant Capital Management Inc acquired a new stake in shares of TXNM Energy during the first quarter worth approximately $35,000. Aster Capital Management DIFC Ltd bought a new position in shares of TXNM Energy in the fourth quarter valued at approximately $38,000. LRI Investments LLC acquired a new position in shares of TXNM Energy in the 4th quarter worth approximately $40,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in TXNM Energy during the 4th quarter worth approximately $48,000. Institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on TXNM shares. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Scotiabank increased 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. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays reiterated an "overweight" rating and issued a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Finally, Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Trading Up 0.2%

Shares of TXNM stock traded up $0.10 during trading hours on Tuesday, reaching $56.64. The company had a trading volume of 1,023,029 shares, compared to its average volume of 993,143. 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 0.36 and a quick ratio of 0.27. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 6.12 and a beta of 0.11. The company has a 50 day moving average of $53.47 and a 200 day moving average of $50.88.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings data 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 9.26% and a return on equity of 9.69%. The company had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. The company's revenue was up 10.5% compared to the same quarter last year. On average, equities research 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.