Squarepoint Ops LLC Acquires New Shares in TXNM Energy, Inc. (NYSE:TXNM)

Squarepoint Ops LLC bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,217 shares of the company's stock, valued at approximately $453,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TXNM. Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Evercore ISI upgraded 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 report on Tuesday, February 11th. Barclays reaffirmed an "overweight" rating and set a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Scotiabank boosted their price objective on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Finally, Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. 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 company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Up 0.5%

Shares of NYSE TXNM traded up $0.26 during trading on Friday, reaching $56.71. 749,231 shares of the stock were exchanged, compared to its average volume of 997,228. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 6.12 and a beta of 0.13. The business's 50-day moving average price is $53.71 and its 200 day moving average price is $51.12. 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 twelve month low of $39.60 and a twelve month high of $57.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business's revenue was up 10.5% on a year-over-year basis. As a group, equities analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

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.