Nisa Investment Advisors LLC purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,563 shares of the company's stock, valued at approximately $1,688,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth $497,880,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of TXNM Energy during the 4th quarter worth $303,744,000. FMR LLC acquired a new stake in shares of TXNM Energy during the fourth quarter worth $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of TXNM Energy in the fourth quarter valued at $189,170,000. Finally, Zimmer Partners LP acquired a new position in TXNM Energy in the fourth quarter valued at $165,816,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have commented on TXNM. Scotiabank lifted their price target on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. 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 lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating and issued a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, TXNM Energy has an average rating of "Hold" and an average target price of $54.86.
View Our Latest Report on TXNM
TXNM Energy Stock Down 0.0%
Shares of NYSE TXNM traded down $0.02 on Thursday, hitting $56.68. The company had a trading volume of 867,103 shares, compared to its average volume of 1,037,130. The firm has a market capitalization of $5.25 billion, a P/E ratio of 25.19, a PEG ratio of 2.68 and a beta of 0.13. 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, Inc. has a 12-month low of $39.60 and a 12-month high of $57.29. The business has a 50 day moving average of $56.09 and a two-hundred day moving average of $52.63.
TXNM Energy (NYSE:TXNM - Get Free Report) last posted 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). The firm had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.
About TXNM Energy
(
Free Report)
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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