Nisa Investment Advisors LLC Buys Shares of 31,563 TXNM Energy, Inc. (NYSE:TXNM)

Nisa Investment Advisors LLC bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 31,563 shares of the company's stock, valued at approximately $1,688,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of TXNM Energy in the fourth quarter valued at $497,880,000. T. Rowe Price Investment Management Inc. purchased a new position in TXNM Energy in the 4th quarter valued at about $303,744,000. FMR LLC acquired a new stake in shares of TXNM Energy during the fourth quarter valued at about $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of TXNM Energy during the fourth quarter valued at about $189,170,000. Finally, Zimmer Partners LP purchased a new stake in shares of TXNM Energy during the fourth quarter worth about $165,816,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

TXNM Energy Stock Performance

TXNM stock traded up $0.25 during midday trading on Monday, reaching $56.59. The company had a trading volume of 1,859,051 shares, compared to its average volume of 1,300,980. The firm has a market capitalization of $5.24 billion, a PE ratio of 25.15, a P/E/G ratio of 2.66 and a beta of 0.13. The stock has a 50 day moving average price of $55.78 and a 200 day moving average price of $52.47. TXNM Energy, Inc. has a fifty-two week low of $37.46 and a fifty-two week high of $57.29. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued 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). The company had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The business's quarterly revenue was up 10.5% on a year-over-year basis. Analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TXNM. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Barclays reissued 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. Siebert Williams Shank lowered shares of 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 stock a "sector perform" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Company 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.