Virtu Financial LLC Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

Virtu Financial LLC acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,242 shares of the company's stock, valued at approximately $334,000.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC acquired a new position in shares of TXNM Energy during the 4th quarter valued at $470,000. Wells Fargo & Company MN acquired a new position in shares of TXNM Energy during the 4th quarter valued at $4,537,000. Envestnet Asset Management Inc. acquired a new position in shares of TXNM Energy during the 4th quarter valued at $5,093,000. Federated Hermes Inc. acquired a new position in shares of TXNM Energy during the 4th quarter valued at $287,000. Finally, Bank of Montreal Can acquired a new position in shares of TXNM Energy during the 4th quarter valued at $935,000. 91.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

TXNM Energy Stock Performance

NYSE TXNM opened at $56.94 on Friday. TXNM Energy, Inc. has a 1 year low of $40.04 and a 1 year high of $57.42. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.70 and a beta of 0.10. The company has a fifty day moving average price of $56.67 and a 200-day moving average price of $53.89.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.21). TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. The firm had revenue of $502.42 million during the quarter, compared to the consensus estimate of $493.90 million. The company's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, August 8th. This represents a $1.63 annualized dividend and a yield of 2.9%. TXNM Energy's dividend payout ratio is presently 84.02%.

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.

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