TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has earned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $54.86.
Several equities analysts recently commented on TXNM shares. Siebert Williams Shank cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays reiterated an "overweight" rating and set a $61.00 target price (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 note on Tuesday, May 20th. Finally, Scotiabank upped 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.
Check Out Our Latest Stock Analysis on TXNM
Hedge Funds Weigh In On TXNM Energy
A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of TXNM Energy in the 1st quarter worth about $878,000. New York State Teachers Retirement System bought a new stake in shares of TXNM Energy in the 1st quarter worth about $4,682,000. KBC Group NV bought a new stake in shares of TXNM Energy in the 1st quarter worth about $188,000. Amalgamated Bank bought a new stake in shares of TXNM Energy in the 1st quarter worth about $2,135,000. Finally, Shell Asset Management Co. bought a new stake in shares of TXNM Energy in the 4th quarter worth about $235,000. Institutional investors and hedge funds own 91.68% of the company's stock.
TXNM Energy Stock Performance
Shares of TXNM Energy stock traded up $0.25 on Friday, reaching $56.59. The stock had a trading volume of 1,859,051 shares, compared to its average volume of 1,033,295. The business's 50-day moving average price is $55.86 and its two-hundred day moving average price is $52.52. 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 fifty-two week low of $39.60 and a fifty-two week high of $57.29. The stock has a market cap of $5.24 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.66 and a beta of 0.13.
TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01). TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The firm had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, sell-side analysts forecast that TXNM Energy will post 2.73 EPS for the current year.
About TXNM Energy
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Get Free ReportTXNM 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.
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