Two Sigma Investments LP Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Two Sigma Investments LP bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 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 quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Shell Asset Management Co. acquired a new position in TXNM Energy in the 4th quarter valued at about $235,000. Vanguard Group Inc. acquired a new position in TXNM Energy in the 4th quarter valued at about $497,880,000. Captrust Financial Advisors purchased a new stake in TXNM Energy in the 4th quarter valued at about $307,000. Jane Street Group LLC purchased a new stake in TXNM Energy in the 4th quarter valued at about $3,692,000. Finally, Loomis Sayles & Co. L P purchased a new stake in TXNM Energy in the 4th quarter valued at about $11,742,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analyst Weigh In

TXNM has been the subject of several recent analyst reports. Scotiabank lifted their price target on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Mizuho cut 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. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Trading Down 0.7%

TXNM traded down $0.40 during trading on Wednesday, hitting $56.51. 1,768,208 shares of the company's stock were exchanged, compared to its average volume of 984,321. 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, Inc. has a 1 year low of $39.60 and a 1 year high of $57.29. The stock has a 50 day moving average price of $53.25 and a 200 day moving average price of $50.55. The firm has a market cap of $5.24 billion, a P/E ratio of 29.43, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11.

TXNM Energy (NYSE:TXNM - Get Free Report) last released 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 company's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

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.