Two Sigma Advisers LP Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

Two Sigma Advisers LP purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 503,600 shares of the company's stock, valued at approximately $24,762,000. Two Sigma Advisers LP owned 0.56% of TXNM Energy at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TXNM. Two Sigma Investments LP purchased a new stake in shares of TXNM Energy in the fourth quarter worth $9,974,000. Thornburg Investment Management Inc. bought a new position in TXNM Energy in the 4th quarter worth about $16,344,000. Sagefield Capital LP purchased a new stake in shares of TXNM Energy in the 4th quarter valued at about $10,852,000. Shapiro Capital Management LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at about $10,729,000. Finally, Shell Asset Management Co. purchased a new position in shares of TXNM Energy during the fourth quarter worth about $235,000. 91.68% of the stock is owned by institutional investors.

TXNM Energy Trading Up 0.5%

Shares of TXNM stock traded up $0.30 on Monday, hitting $56.68. 3,248,908 shares of the company's stock traded hands, compared to its average volume of 973,369. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 6.12 and a beta of 0.11. The company's fifty day simple moving average is $53.15 and its 200 day simple moving average is $50.42. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $57.29. 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 (NYSE:TXNM - Get Free Report) last released 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 company had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy's revenue was up 10.5% on a year-over-year basis. Equities analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Friday, April 25th. TXNM Energy's payout ratio is 72.44%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TXNM shares. Barclays reaffirmed an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday. Scotiabank upped their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research 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. Finally, Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. One 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 data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $54.86.

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.