Vista Investment Partners LLC Acquires Shares of 30,082 TXNM Energy, Inc. (NYSE:TXNM)

Vista Investment Partners LLC acquired a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 30,082 shares of the company's stock, valued at approximately $1,609,000.

Several other hedge funds have also modified their holdings of the company. Bessemer Group Inc. purchased a new position in shares of TXNM Energy in the 4th quarter valued at about $27,000. Versant Capital Management Inc purchased a new stake in shares of TXNM Energy in the first quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TXNM Energy during the 4th quarter valued at approximately $38,000. LRI Investments LLC purchased a new position in shares of TXNM Energy during the 4th quarter valued at approximately $40,000. Finally, Fifth Third Bancorp acquired a new stake in TXNM Energy in the 1st quarter valued at $40,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Stock Up 0.1%

TXNM stock opened at $56.59 on Tuesday. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 6.12 and a beta of 0.13. 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 12 month low of $39.60 and a 12 month high of $57.29. The firm has a 50-day moving average of $54.37 and a two-hundred day moving average of $51.45.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $451.01 million. The business's revenue was up 10.5% compared to the same quarter last year. As a group, analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank boosted their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Barclays reiterated an "overweight" rating and issued a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Finally, Wall Street Zen cut 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 issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, TXNM Energy has an average rating of "Hold" and an average target price of $54.86.

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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