Voya Investment Management LLC Purchases New Holdings in TXNM Energy, Inc. (NYSE:TXNM)

Voya Investment Management LLC purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 26,568 shares of the company's stock, valued at approximately $1,306,000.

A number of other hedge funds also recently modified their holdings of TXNM. Bessemer Group Inc. bought a new position in TXNM Energy in the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new position in shares of TXNM Energy in the 4th quarter valued at $38,000. Nomura Asset Management Co. Ltd. bought a new position in shares of TXNM Energy during the 4th quarter worth about $48,000. NewEdge Advisors LLC acquired a new stake in shares of TXNM Energy during the 4th quarter valued at about $53,000. Finally, CIBC Private Wealth Group LLC bought a new stake in TXNM Energy in the fourth quarter valued at about $83,000. Institutional investors own 91.68% of the company's stock.

Wall Street Analysts Forecast Growth

TXNM has been the topic of a number of recent research reports. Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective on the stock in a report on Tuesday, March 11th. Scotiabank upped their price target on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. Barclays increased their price objective on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Finally, Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.57.

TXNM Energy Price Performance

Shares of TXNM stock opened at $52.47 on Tuesday. The stock's fifty day moving average is $52.28 and its 200-day moving average is $49.39. 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, Inc. has a 52 week low of $39.60 and a 52 week high of $55.50. The stock has a market capitalization of $4.86 billion, a PE ratio of 27.33, a PEG ratio of 6.12 and a beta of 0.11.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.30 earnings per share 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 firm had revenue of $476.96 million during the quarter, compared to analysts' expectations of $496.05 million. Equities research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy's dividend payout ratio is 61.05%.

TXNM Energy 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.

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