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

TXNM Energy logo with Energy background

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

A number of other hedge funds also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC purchased a new position in TXNM Energy during the 1st quarter valued at about $661,000. Peregrine Capital Management LLC acquired a new stake in shares of TXNM Energy during the first quarter worth approximately $5,506,000. New York State Teachers Retirement System purchased a new position in TXNM Energy during the first quarter valued at approximately $4,682,000. Amalgamated Bank purchased a new stake in TXNM Energy in the 1st quarter worth approximately $2,135,000. Finally, KBC Group NV purchased a new stake in TXNM Energy in the 1st quarter worth approximately $188,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms 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. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank lifted their price objective 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. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Barclays reaffirmed an "overweight" rating and issued a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $54.86.

Check Out Our Latest Research Report on TXNM

TXNM Energy Trading Up 0.4%

Shares of NYSE TXNM traded up $0.21 during midday trading on Friday, reaching $56.89. 1,714,558 shares of the stock were exchanged, compared to its average volume of 1,039,964. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.68 and a beta of 0.13. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $57.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19. The business has a 50-day simple moving average of $56.17 and a two-hundred day simple moving average of $52.69.

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 analysts' consensus estimates of $0.20 by ($0.01). TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The business had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. The company's revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for TXNM Energy (NYSE:TXNM)

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