6,775 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 6,775 shares of the company's stock, valued at approximately $362,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. bought a new position in TXNM Energy in the fourth quarter valued at $497,880,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth about $303,744,000. FMR LLC bought a new position in shares of TXNM Energy in the 4th quarter valued at about $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $189,170,000. Finally, Zimmer Partners LP acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $165,816,000. 91.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

TXNM Energy Stock Performance

Shares of NYSE TXNM traded up $0.07 during midday trading on Thursday, hitting $56.34. 1,525,851 shares of the company's stock were exchanged, compared to its average volume of 1,008,141. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $5.22 billion, a PE ratio of 25.04, a price-to-earnings-growth ratio of 2.67 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's 50 day moving average price is $55.03 and its 200 day moving average price is $51.76.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings results 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). 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 for the quarter, compared to analyst estimates of $451.01 million. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal 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.