TXNM Energy, Inc. (NYSE:TXNM) Given Consensus Recommendation of "Moderate Buy" by Brokerages

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $54.86.

TXNM has been the topic of several analyst reports. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Mizuho lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays reissued an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Scotiabank upped their price objective on shares of TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd.

TXNM Energy Stock Down 0.4%

Shares of NYSE:TXNM traded down $0.25 during mid-day trading on Monday, reaching $56.32. 1,050,743 shares of the stock were exchanged, compared to its average volume of 994,498. The stock's 50 day simple moving average is $54.37 and its 200-day simple moving average is $51.45. TXNM Energy has a one year low of $39.60 and a one year high of $57.29. The company has a market cap of $5.22 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.68 and a beta of 0.13. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business 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 firm's quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts predict that TXNM Energy will post 2.73 EPS for the current year.

Institutional Trading of TXNM Energy

Several large investors have recently made changes to their positions in TXNM. Hughes Financial Services LLC acquired a new position in shares of TXNM Energy during the 1st quarter worth $25,000. Bessemer Group Inc. bought a new stake in shares of TXNM Energy during the 4th quarter valued at approximately $27,000. Versant Capital Management Inc bought a new position in TXNM Energy in the 1st quarter valued at approximately $35,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy in the 4th quarter valued at approximately $38,000. Finally, LRI Investments LLC acquired a new stake in TXNM Energy in the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds 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.