TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight research firms that are 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 target among analysts that have issued ratings on the stock in the last year is $54.86.
TXNM has been the topic of several research reports. Mizuho downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Barclays reaffirmed an "overweight" rating and set a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Siebert Williams Shank lowered shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Wall Street Zen lowered shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Scotiabank increased their target price 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.
View Our Latest Analysis on TXNM Energy
TXNM Energy Stock Performance
NYSE TXNM traded up $0.08 during trading on Friday, reaching $56.34. The company's stock had a trading volume of 1,934,434 shares, compared to its average volume of 1,029,766. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of 2.66 and a beta of 0.13. TXNM Energy has a 12 month low of $39.60 and a 12 month high of $57.29. The firm has a 50 day moving average price of $55.73 and a 200 day moving average price of $52.36.
TXNM Energy (NYSE:TXNM - Get Free Report) last issued 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 10.13% and a return on equity of 9.09%. The company had revenue of $482.79 million during the quarter, compared to the consensus estimate of $451.01 million. TXNM Energy's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, equities analysts anticipate that TXNM Energy will post 2.73 EPS for the current fiscal year.
Institutional Investors Weigh In On TXNM Energy
A number of large investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in shares of TXNM Energy during the 1st quarter valued at about $4,682,000. KBC Group NV bought a new stake in shares of TXNM Energy during the 1st quarter valued at about $188,000. Amalgamated Bank bought a new stake in shares of TXNM Energy during the 1st quarter valued at about $2,135,000. Shell Asset Management Co. bought a new stake in shares of TXNM Energy during the 4th quarter valued at about $235,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of TXNM Energy during the 1st quarter valued at about $565,000. Institutional investors own 91.68% of the company's stock.
TXNM Energy Company Profile
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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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