Voloridge Investment Management LLC Purchases Shares of 18,721 TXNM Energy, Inc. (NYSE:TXNM)

Voloridge Investment Management LLC bought a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 18,721 shares of the company's stock, valued at approximately $921,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zimmer Partners LP purchased a new stake in TXNM Energy in the 4th quarter worth $165,816,000. Vennlight Capital Management LP bought a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $14,651,000. Squarepoint Ops LLC purchased a new position in TXNM Energy during the fourth quarter valued at approximately $453,000. Westwood Holdings Group Inc. purchased a new position in TXNM Energy during the fourth quarter valued at approximately $79,268,000. Finally, Wexford Capital LP purchased a new position in TXNM Energy during the fourth quarter valued at approximately $8,697,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

TXNM Energy Stock Performance

NYSE TXNM traded up $0.10 during trading hours on Tuesday, hitting $56.64. The company had a trading volume of 1,023,029 shares, compared to its average volume of 993,143. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $57.29. The company has a market cap of $5.25 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The business has a 50 day moving average of $53.52 and a 200-day moving average of $50.92.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $451.01 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business's quarterly revenue was up 10.5% compared to the same quarter last year. As a group, equities research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TXNM. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, TXNM Energy currently has a consensus rating of "Hold" and a consensus price target 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.