TXNM Energy, Inc. (NYSE:TXNM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lessened its stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,238 shares of the company's stock after selling 20,339 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.51% of TXNM Energy worth $25,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in TXNM Energy during the 1st quarter worth about $25,000. Bessemer Group Inc. acquired a new stake in TXNM Energy in the 4th quarter worth about $27,000. Versant Capital Management Inc acquired a new stake in TXNM Energy in the 1st quarter worth about $35,000. Fifth Third Bancorp acquired a new stake in TXNM Energy in the 1st quarter worth about $40,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in TXNM Energy in the 4th quarter worth about $38,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

TXNM Energy Stock Up 0.1%

TXNM Energy stock traded up $0.04 during midday trading on Wednesday, hitting $56.70. 1,760,052 shares of the company were exchanged, compared to its average volume of 1,037,846. The company's fifty day moving average price is $55.94 and its 200-day moving average price is $52.55. The company has a market cap of $5.25 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.68 and a beta of 0.13. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29.

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays reissued an "overweight" rating and issued a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Finally, Scotiabank raised their price target on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, TXNM Energy currently has a consensus rating of "Hold" and an average price target 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.