Vista Investment Partners LLC Invests $1.61 Million in TXNM Energy, Inc. (NYSE:TXNM)

Vista Investment Partners LLC acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,082 shares of the company's stock, valued at approximately $1,609,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank raised their target price on 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 downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Barclays reiterated an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $54.86.

TXNM Energy Stock Down 0.3%

TXNM traded down $0.17 on Friday, hitting $56.40. The company had a trading volume of 1,659,812 shares, compared to its average volume of 997,119. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week high of $57.29. The stock has a fifty day simple moving average of $54.72 and a 200-day simple moving average of $51.57. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19. The firm has a market capitalization of $5.23 billion, a P/E ratio of 25.07, a P/E/G ratio of 2.68 and a beta of 0.13.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). The firm had revenue of $482.79 million during the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a net margin of 10.13% and a return on equity of 9.09%. The business's revenue was up 10.5% on a year-over-year basis. As a group, equities analysts expect 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.