1,302,548 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,302,548 shares of the company's stock, valued at approximately $64,046,000. Wellington Management Group LLP owned 1.41% of TXNM Energy at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. bought a new position in TXNM Energy in the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of TXNM Energy during the 4th quarter valued at $38,000. LRI Investments LLC bought a new position in shares of TXNM Energy in the fourth quarter worth about $40,000. Nomura Asset Management Co. Ltd. bought a new position in shares of TXNM Energy during the 4th quarter valued at about $48,000. Finally, NewEdge Advisors LLC bought a new position in shares of TXNM Energy during the 4th quarter valued at approximately $53,000. Institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Scotiabank upped their price target on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research report on Tuesday, May 20th. Barclays restated an "overweight" rating and set a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, TXNM Energy has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Performance

NYSE TXNM traded down $0.07 during trading hours on Friday, hitting $56.67. 1,184,842 shares of the stock were exchanged, compared to its average volume of 992,367. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The stock has a 50-day moving average of $53.41 and a 200 day moving average of $50.74. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $57.29. 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 released its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. TXNM Energy's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, equities research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

About TXNM Energy

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.