Quantinno Capital Management LP Invests $300,000 in TXNM Energy, Inc. (NYSE:TXNM)

Quantinno Capital Management LP acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,099 shares of the company's stock, valued at approximately $300,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bessemer Group Inc. purchased a new position in TXNM Energy during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new position in TXNM Energy during the fourth quarter worth $38,000. LRI Investments LLC purchased a new position in TXNM Energy during the fourth quarter worth $40,000. Nomura Asset Management Co. Ltd. purchased a new position in TXNM Energy during the fourth quarter worth $48,000. Finally, NewEdge Advisors LLC purchased a new position in TXNM Energy during the fourth quarter worth $53,000. Institutional investors own 91.68% of the company's stock.

TXNM Energy Price Performance

NYSE TXNM traded down $0.40 during mid-day trading on Wednesday, hitting $56.51. The stock had a trading volume of 1,768,208 shares, compared to its average volume of 984,322. The firm's 50 day moving average is $53.25 and its 200 day moving average is $50.55. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month 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 stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 6.12 and a beta of 0.11.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its 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 company 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 9.69% and a net margin of 9.26%. The firm's revenue was up 10.5% on a year-over-year basis. Equities research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TXNM has been the subject of several recent analyst reports. 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. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Scotiabank lifted their target price 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. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating and set a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. One equities 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 data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $54.86.

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.