Teacher Retirement System of Texas Invests $670,000 in TXNM Energy, Inc. (NYSE:TXNM)

Teacher Retirement System of Texas purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,527 shares of the company's stock, valued at approximately $670,000.

A number of other large investors have also recently modified their holdings of the company. Vanguard Group Inc. bought a new position in shares of TXNM Energy during the fourth quarter valued at approximately $497,880,000. T. Rowe Price Investment Management Inc. purchased a new stake in TXNM Energy during the fourth quarter worth $303,744,000. FMR LLC bought a new stake in TXNM Energy during the 4th quarter valued at $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of TXNM Energy in the 4th quarter valued at $189,170,000. Finally, Zimmer Partners LP bought a new position in shares of TXNM Energy in the 4th quarter worth $165,816,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on TXNM. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Scotiabank raised their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 20th. Finally, Siebert Williams Shank downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Down 0.0%

NYSE:TXNM opened at $56.66 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.19 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. The company has a market cap of $5.25 billion, a PE ratio of 25.18, a P/E/G ratio of 2.68 and a beta of 0.13. The company's 50 day moving average is $55.94 and its two-hundred day moving average is $52.55.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted 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 for 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. Analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

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.

Want to see what other hedge funds are holding TXNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TXNM Energy, Inc. (NYSE:TXNM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.