Two Sigma Investments LP Acquires Shares of 202,842 TXNM Energy, Inc. (NYSE:TXNM)

Two Sigma Investments LP acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 202,842 shares of the company's stock, valued at approximately $9,974,000. Two Sigma Investments LP owned about 0.22% of TXNM Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Xponance Inc. purchased a new position in TXNM Energy during the fourth quarter worth $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in TXNM Energy during the 4th quarter worth about $8,369,000. Sei Investments Co. purchased a new stake in TXNM Energy during the 4th quarter worth about $9,270,000. LPL Financial LLC acquired a new position in TXNM Energy in the 4th quarter valued at about $470,000. Finally, Vanguard Group Inc. purchased a new position in TXNM Energy in the 4th quarter valued at about $497,880,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

TXNM Energy Trading Down 0.1%

Shares of TXNM traded down $0.05 during mid-day trading on Friday, reaching $56.69. The company had a trading volume of 162,426 shares, compared to its average volume of 987,514. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29. The firm has a fifty day simple moving average of $53.35 and a 200-day simple moving average of $50.67. The stock has a market cap 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 0.11. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued 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 firm had revenue of $482.79 million during 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. On average, sell-side analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TXNM. Scotiabank lifted their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 20th. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock 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.