1,144,094 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,144,094 shares of the company's stock, valued at approximately $61,186,000. Victory Capital Management Inc. owned 1.23% of TXNM Energy as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

TXNM Energy Stock Up 0.4%

TXNM traded up $0.21 on Friday, hitting $56.89. 1,714,558 shares of the company were exchanged, compared to its average volume of 1,039,964. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $57.29. The company has a market cap of $5.27 billion, a PE ratio of 25.28, a PEG ratio of 2.69 and a beta of 0.13. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29. The stock's fifty day moving average is $56.17 and its 200-day moving average is $52.71.

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 for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The business had revenue of $482.79 million for the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. TXNM Energy's revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

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.