Analysts Set TXNM Energy, Inc. (NYSE:TXNM) PT at $53.57

TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $53.57.

A number of equities research analysts have recently issued reports on the stock. Scotiabank upped their target price 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. Barclays boosted their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Evercore ISI raised shares of 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. Finally, Mizuho upgraded TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective for the company in a report on Tuesday, March 11th.

Institutional Investors Weigh In On TXNM Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in TXNM. Vanguard Group Inc. bought a new stake in shares of TXNM Energy during the 4th quarter worth $497,880,000. Loomis Sayles & Co. L P bought a new stake in shares of TXNM Energy during the 4th quarter valued at approximately $11,742,000. Pictet Asset Management Holding SA acquired a new position in TXNM Energy during the 4th quarter worth approximately $484,000. JPMorgan Chase & Co. acquired a new stake in TXNM Energy in the fourth quarter valued at approximately $31,972,000. Finally, Envestnet Asset Management Inc. bought a new stake in TXNM Energy during the 4th quarter worth $5,093,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Trading Down 1.0 %

Shares of TXNM stock traded down $0.54 on Friday, hitting $53.15. The stock had a trading volume of 382,663 shares, compared to its average volume of 856,233. The firm has a market cap of $4.92 billion, a P/E ratio of 27.68, a PEG ratio of 6.12 and a beta of 0.15. TXNM Energy has a twelve month low of $39.60 and a twelve month high of $56.56. 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 fifty day moving average price of $52.22 and a two-hundred day moving average price of $49.09.

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

TXNM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a dividend of $0.4075 per share. The ex-dividend date is Friday, April 25th. This represents a $1.63 annualized dividend and a dividend yield of 3.07%. 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.