Yousif Capital Management LLC Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Yousif Capital Management LLC purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,996 shares of the company's stock, valued at approximately $1,658,000.

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

TXNM Energy Trading Down 0.3%

Shares of TXNM Energy stock traded down $0.19 on Friday, reaching $56.38. The company had a trading volume of 729,223 shares, compared to its average volume of 1,258,785. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 2.68 and a beta of 0.13. 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's 50-day moving average price is $54.72 and its two-hundred day moving average price is $51.57. TXNM Energy, Inc. has a 1 year low of $35.70 and a 1 year high of $57.29.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted 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 net margin of 10.13% and a return on equity of 9.09%. The firm had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. As a group, research analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. 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. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank lifted their target price on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and set a $61.00 price target (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 research report on Thursday, May 22nd. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.