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Principal Financial Group Inc. Invests $11.18 Million in TXNM Energy, Inc. (NYSE:TXNM)

TXNM Energy logo with Energy background

Principal Financial Group Inc. acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 209,069 shares of the company's stock, valued at approximately $11,181,000. Principal Financial Group Inc. owned 0.23% of TXNM Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in TXNM Energy during the 4th quarter valued at approximately $497,880,000. T. Rowe Price Investment Management Inc. acquired a new position in TXNM Energy during the 4th quarter valued at approximately $303,744,000. FMR LLC acquired a new position in TXNM Energy during the 4th quarter valued at approximately $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new position in TXNM Energy during the 4th quarter valued at approximately $189,170,000. Finally, Zimmer Partners LP acquired a new position in TXNM Energy during the 4th quarter valued at approximately $165,816,000. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Stock Performance

TXNM stock traded down $0.02 during trading on Thursday, reaching $56.68. 867,103 shares of the company's stock were exchanged, compared to its average volume of 1,037,130. 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 1-year low of $39.60 and a 1-year high of $57.29. The company's fifty day moving average price is $56.02 and its 200-day moving average price is $52.58. The firm has a market cap of $5.25 billion, a PE ratio of 25.19, a P/E/G ratio of 2.68 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The business had revenue of $482.79 million for 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 was up 10.5% on a year-over-year basis. On average, research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Ratings Changes

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

Get Our Latest Stock Report on TXNM Energy

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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Institutional Ownership by Quarter for TXNM Energy (NYSE:TXNM)

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