7,984 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,984 shares of the company's stock, valued at approximately $393,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TXNM shares. Barclays increased their price target on TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Scotiabank upped their price target on shares of TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a report on Monday, February 24th. Finally, Mizuho raised shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective on the stock in a research note on Tuesday, March 11th. Two investment 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, the company has an average rating of "Moderate Buy" and a consensus target price of $53.57.

TXNM Energy Trading Up 1.0 %

Shares of TXNM traded up $0.55 during midday trading on Friday, hitting $53.57. The stock had a trading volume of 452,231 shares, compared to its average volume of 855,610. 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 firm has a market cap of $4.96 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $55.50. The business has a 50-day simple moving average of $52.26 and a two-hundred day simple moving average of $49.25.

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

TXNM Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be issued a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.04%. TXNM Energy's dividend payout ratio is 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.