Point72 Asset Management L.P. Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

Point72 Asset Management L.P. acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,710,190 shares of the company's stock, valued at approximately $84,090,000. Point72 Asset Management L.P. owned about 1.90% of TXNM Energy as of its most recent filing with the SEC.

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

TXNM Energy Stock Down 0.9%

TXNM traded down $0.47 on Friday, hitting $52.80. 2,175,391 shares of the company were exchanged, compared to its average volume of 870,685. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $56.50. The company has a market cap of $4.89 billion, a PE ratio of 27.50, a PEG ratio of 6.12 and a beta of 0.11. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock's fifty day moving average is $52.77 and its 200-day moving average is $49.92.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The company had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. The company's revenue was up 10.5% compared to the same quarter last year. Equities research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, April 25th were paid a $0.4075 dividend. The ex-dividend date was Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.09%. TXNM Energy's dividend payout ratio is 72.44%.

Analysts Set New Price Targets

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

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.