Nexpoint Asset Management L.P. Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Nexpoint Asset Management L.P. bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,850 shares of the company's stock, valued at approximately $386,000.

Other institutional investors have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in TXNM Energy during the fourth quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in TXNM Energy in the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in TXNM Energy in the 4th quarter valued at $48,000. NewEdge Advisors LLC acquired a new stake in TXNM Energy during the fourth quarter worth about $53,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of TXNM Energy during the 4th quarter valued at approximately $83,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Mizuho raised shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price for the company in a research note on Tuesday, March 11th. Evercore ISI raised 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. Barclays raised their price target on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Finally, Scotiabank boosted their price objective on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, TXNM Energy has a consensus rating of "Moderate Buy" and a consensus price target of $53.57.

TXNM Energy Stock Down 1.0 %

TXNM opened at $53.15 on Thursday. The stock has a market capitalization of $4.92 billion, a P/E ratio of 27.68, a P/E/G ratio of 6.12 and a beta of 0.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The business has a 50 day simple moving average of $52.22 and a 200-day simple moving average of $49.12. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $55.50.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, meeting 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%. On average, equities analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 annualized dividend and a dividend yield of 3.07%. TXNM Energy's payout ratio is currently 61.05%.

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.

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