Squarepoint Ops LLC Invests $453,000 in TXNM Energy, Inc. (NYSE:TXNM)

Squarepoint Ops LLC bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,217 shares of the company's stock, valued at approximately $453,000.

Several other hedge funds have also bought and sold shares of the stock. Shell Asset Management Co. bought a new position in shares of TXNM Energy during the 4th quarter valued at about $235,000. Vanguard Group Inc. bought a new stake in TXNM Energy in the 4th quarter worth $497,880,000. Captrust Financial Advisors purchased a new position in shares of TXNM Energy in the fourth quarter valued at about $307,000. Two Sigma Advisers LP bought a new position in shares of TXNM Energy during the fourth quarter valued at about $24,762,000. Finally, Jane Street Group LLC bought a new position in shares of TXNM Energy during the fourth quarter valued at about $3,692,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Performance

Shares of TXNM stock traded up $0.26 on Friday, reaching $56.71. The stock had a trading volume of 749,231 shares, compared to its average volume of 997,228. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The stock has a market cap of $5.25 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The company has a 50 day simple moving average of $53.64 and a 200 day simple moving average of $51.02.

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

Wall Street Analyst Weigh In

TXNM has been the subject of several research analyst reports. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and raised their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Scotiabank upped their price objective on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 20th. One 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. Based on data from MarketBeat.com, TXNM Energy presently has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Company 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.