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

Shell Asset Management Co. bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,773 shares of the company's stock, valued at approximately $235,000.

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

Analyst Ratings Changes

TXNM has been the subject of several research reports. Scotiabank lifted their price objective on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a 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. Barclays reissued an "overweight" rating and set a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Trading Up 0.5%

Shares of NYSE:TXNM traded up $0.30 during midday trading on Friday, reaching $56.68. The company's stock had a trading volume of 3,248,908 shares, compared to its average volume of 973,369. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The business has a 50 day moving average price of $53.15 and a 200 day moving average price of $50.42.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its earnings results 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 firm had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. The company's quarterly revenue was up 10.5% compared to the same quarter last year. Research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors 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 of this dividend was Friday, April 25th. TXNM Energy's payout ratio is currently 72.44%.

About TXNM Energy

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.