UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 264,574 shares of the company's stock, valued at approximately $13,009,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of TXNM Energy as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Xponance Inc. purchased a new position in shares of TXNM Energy in the fourth quarter worth $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in TXNM Energy in the 4th quarter worth $8,369,000. Sei Investments Co. purchased a new position in TXNM Energy in the 4th quarter worth $9,270,000. LPL Financial LLC acquired a new stake in TXNM Energy during the 4th quarter worth about $470,000. Finally, Vanguard Group Inc. purchased a new stake in TXNM Energy during 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 Price Performance

Shares of NYSE:TXNM traded up $0.10 during trading on Tuesday, reaching $56.64. 1,023,029 shares of the company's stock traded hands, compared to its average volume of 993,143. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29. The company has a 50-day simple moving average of $53.52 and a 200-day simple moving average of $50.92. The firm has a market cap of $5.25 billion, a PE ratio of 29.50, a P/E/G ratio of 6.12 and a beta of 0.11.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its 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 9.26% and a return on equity of 9.69%. The company had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TXNM shares. Barclays restated an "overweight" rating and issued a $61.00 price objective (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 note on Thursday, May 22nd. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. 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 data from MarketBeat.com, TXNM Energy currently has a consensus rating of "Hold" and a consensus 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.