8,833 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,833 shares of the company's stock, valued at approximately $434,000.

Several other institutional investors also recently added to or reduced their stakes in TXNM. Shell Asset Management Co. purchased a new stake in TXNM Energy in the 4th quarter worth approximately $235,000. Vanguard Group Inc. purchased a new stake in shares of TXNM Energy in the fourth quarter worth $497,880,000. Captrust Financial Advisors purchased a new stake in shares of TXNM Energy in the fourth quarter worth $307,000. Two Sigma Advisers LP purchased a new stake in TXNM Energy during the fourth quarter valued at about $24,762,000. Finally, Cetera Investment Advisers purchased a new stake in TXNM Energy during the fourth quarter valued at about $236,000. Institutional investors own 91.68% of the company's stock.

TXNM Energy Stock Up 0.1%

Shares of TXNM stock traded up $0.05 during trading hours on Monday, hitting $56.59. 808,240 shares of the company's stock traded hands, compared to its average volume of 994,234. The stock's fifty day simple moving average is $54.37 and its two-hundred day simple moving average is $51.45. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $57.29. The stock 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 quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data 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). TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The firm had revenue of $482.79 million during the quarter, compared to analysts' expectations of $451.01 million. The business's quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

Analysts Set New Price Targets

TXNM has been the topic of a number of research reports. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. 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. Barclays reissued an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Finally, Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. 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. According to MarketBeat.com, TXNM Energy currently has an average rating of "Hold" and a consensus target price of $54.86.

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.