4,773 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Shell Asset Management Co.

Shell Asset Management Co. purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,773 shares of the company's stock, valued at approximately $235,000.

A number of other institutional investors have also modified their holdings of TXNM. Bessemer Group Inc. purchased a new stake in TXNM Energy during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TXNM Energy during the fourth quarter valued at about $38,000. LRI Investments LLC purchased a new position in shares of TXNM Energy in the 4th quarter valued at approximately $40,000. Nomura Asset Management Co. Ltd. acquired a new stake in TXNM Energy in the 4th quarter worth approximately $48,000. Finally, NewEdge Advisors LLC acquired a new stake in TXNM Energy in the 4th quarter worth approximately $53,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday. Scotiabank upped their target price on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Barclays reissued an "overweight" rating and issued a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Stock Performance

NYSE TXNM traded up $0.30 on Friday, reaching $56.68. 3,248,908 shares of the company's stock traded hands, compared to its average volume of 973,369. 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 quick ratio of 0.27 and a current ratio of 0.36. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 6.12 and a beta of 0.11. The stock has a 50 day moving average price of $53.11 and a 200-day moving average price of $50.25.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. The company's quarterly revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date was Friday, April 25th. TXNM Energy's payout ratio is presently 72.44%.

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.