Resolution Capital Ltd Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Resolution Capital Ltd purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 124,333 shares of the company's stock, valued at approximately $6,113,000. TXNM Energy accounts for 0.1% of Resolution Capital Ltd's holdings, making the stock its 26th largest position. Resolution Capital Ltd owned approximately 0.14% of TXNM Energy as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TXNM. Bessemer Group Inc. bought a new position in TXNM Energy in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $38,000. LRI Investments LLC acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $48,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $53,000. 91.68% of the stock is owned by institutional investors.

TXNM Energy Price Performance

TXNM stock traded down $0.47 during trading on Friday, hitting $52.80. The company had a trading volume of 2,175,391 shares, compared to its average volume of 870,685. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The company has a market cap of $4.89 billion, a P/E ratio of 27.50, a P/E/G ratio of 6.12 and a beta of 0.11. The company has a fifty day moving average price of $52.77 and a two-hundred day moving average price of $49.92. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $56.50.

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

TXNM Energy Announces Dividend

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. This represents a $1.63 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Friday, April 25th. TXNM Energy's dividend payout ratio is currently 72.44%.

Analysts Set New Price Targets

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