TXNM Energy, Inc. (NYSE:TXNM) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) have earned an average rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $54.86.

Several equities research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research note on Tuesday, May 20th. Barclays reiterated an "overweight" rating and issued a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded shares of TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd.

TXNM Energy Stock Up 0.5%

TXNM Energy stock traded up $0.27 during midday trading on Monday, reaching $56.57. The stock had a trading volume of 905,690 shares, compared to its average volume of 994,093. The stock has a market capitalization of $5.24 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.68 and a beta of 0.13. The firm's fifty day simple moving average is $54.72 and its 200-day simple moving average is $51.57. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.19 and a current ratio of 0.29. TXNM Energy has a 1-year low of $39.60 and a 1-year high of $57.29.

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). The company had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The company's revenue was up 10.5% compared to the same quarter last year. As a group, analysts expect that TXNM Energy will post 2.73 EPS for the current fiscal year.

Hedge Funds Weigh In On TXNM Energy

Several hedge funds have recently modified their holdings of the company. Shell Asset Management Co. purchased a new stake in TXNM Energy during the 4th quarter worth about $235,000. Vanguard Group Inc. purchased a new position in TXNM Energy in the 4th quarter worth $497,880,000. Captrust Financial Advisors bought a new stake in TXNM Energy in the fourth quarter worth $307,000. Two Sigma Advisers LP bought a new stake in shares of TXNM Energy in the 4th quarter valued at about $24,762,000. Finally, Cetera Investment Advisers bought a new stake in TXNM Energy in the fourth quarter valued at approximately $236,000. Institutional investors own 91.68% of the company's stock.

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.