TXNM Energy, Inc. (NYSE:TXNM) Given Average Rating of "Moderate Buy" by Analysts

Shares of TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $54.86.

A number of brokerages have recently issued reports on TXNM. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and set a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Scotiabank increased their target price on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 20th. Finally, Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Hedge Funds Weigh In On TXNM Energy

Large investors have recently bought and sold shares of the stock. Federated Hermes Inc. increased its position in shares of TXNM Energy by 4.9% during the 1st quarter. Federated Hermes Inc. now owns 6,115 shares of the company's stock valued at $327,000 after purchasing an additional 285 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of TXNM Energy by 6.0% during the 1st quarter. Baird Financial Group Inc. now owns 5,095 shares of the company's stock valued at $272,000 after purchasing an additional 287 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of TXNM Energy during the 1st quarter valued at $25,000. Cetera Investment Advisers increased its holdings in TXNM Energy by 10.1% in the 1st quarter. Cetera Investment Advisers now owns 5,281 shares of the company's stock worth $282,000 after acquiring an additional 486 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in TXNM Energy in the 4th quarter worth about $27,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Up 0.3%

TXNM traded up $0.17 during trading on Thursday, reaching $56.89. 2,412,849 shares of the stock were exchanged, compared to its average volume of 980,460. The stock has a market cap of $5.27 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. TXNM Energy has a twelve month low of $39.60 and a twelve month high of $57.29. The stock's 50 day moving average price is $53.25 and its two-hundred day moving average price is $50.55. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36.

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

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.