78,432 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 78,432 shares of the company's stock, valued at approximately $3,857,000. Public Employees Retirement System of Ohio owned approximately 0.09% of TXNM Energy at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TXNM. Bessemer Group Inc. bought a new position in TXNM Energy in the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TXNM Energy in the 4th quarter valued at about $38,000. LRI Investments LLC purchased a new position in shares of TXNM Energy in the 4th quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. bought a new position in shares of TXNM Energy during the 4th quarter worth approximately $48,000. Finally, NewEdge Advisors LLC purchased a new stake in TXNM Energy during the fourth quarter valued at approximately $53,000. Institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TXNM. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barclays reissued an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Evercore ISI raised 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 research report on Tuesday, February 11th. Finally, Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Performance

TXNM Energy stock traded up $0.03 during mid-day trading on Tuesday, reaching $56.57. 181,804 shares of the company traded hands, compared to its average volume of 989,241. The firm's fifty day moving average is $53.47 and its two-hundred day moving average is $50.88. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week 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.

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

TXNM Energy 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.