103,560 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC acquired a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 103,560 shares of the company's stock, valued at approximately $5,092,000. MetLife Investment Management LLC owned 0.11% of TXNM Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. bought a new position in shares of TXNM Energy during the fourth quarter valued at $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in TXNM Energy during the 4th quarter valued at about $8,369,000. Sei Investments Co. purchased a new position in TXNM Energy in the fourth quarter worth about $9,270,000. LPL Financial LLC bought a new position in shares of TXNM Energy in the fourth quarter worth approximately $470,000. Finally, Vanguard Group Inc. purchased a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $497,880,000. Institutional investors own 91.68% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TXNM. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective for the company in a report on Tuesday, March 11th. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Scotiabank increased their price objective on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. Finally, Barclays boosted their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $53.57.

TXNM Energy Stock Performance

TXNM stock traded down $0.15 during midday trading on Tuesday, reaching $53.27. 66,897 shares of the company's stock traded hands, compared to its average volume of 854,785. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a 52-week low of $39.60 and a 52-week high of $57.33. The stock has a market cap of $4.94 billion, a P/E ratio of 27.73, a PEG ratio of 6.12 and a beta of 0.15. The stock's 50-day moving average is $52.17 and its 200 day moving average is $49.06.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $476.96 million during the quarter, compared to analyst estimates of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. As a group, analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Friday, April 25th. TXNM Energy's dividend payout ratio (DPR) is currently 61.05%.

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.