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

TXNM Energy logo with Energy background

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

A number of other large investors have also bought and sold shares of TXNM. Hughes Financial Services LLC bought a new stake in TXNM Energy during the 1st quarter valued at $25,000. Bessemer Group Inc. bought a new stake in TXNM Energy during the 4th quarter valued at $27,000. Versant Capital Management Inc bought a new stake in TXNM Energy during the 1st quarter valued at $35,000. Aster Capital Management DIFC Ltd bought a new stake in TXNM Energy during the 4th quarter valued at $38,000. Finally, LRI Investments LLC bought a new stake in TXNM Energy during the 4th quarter valued at $40,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Trading Up 0.4%

TXNM stock traded up $0.21 during trading on Friday, hitting $56.89. 1,714,558 shares of the company traded hands, compared to its average volume of 1,039,964. The firm has a market capitalization of $5.27 billion, a PE ratio of 25.28, a P/E/G ratio of 2.68 and a beta of 0.13. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The company has a 50-day moving average of $56.17 and a 200-day moving average of $52.69. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The company had revenue of $482.79 million during the quarter, compared to analysts' expectations of $451.01 million. The business's revenue was up 10.5% compared to the same quarter last year. Analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TXNM shares. Scotiabank increased their target price on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 20th. Barclays reissued an "overweight" rating and issued a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $54.86.

View Our Latest Stock Report on TXNM Energy

TXNM Energy Company Profile

(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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