Voya Investment Management LLC Invests $1.31 Million in TXNM Energy, Inc. (NYSE:TXNM)

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

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

TXNM Energy Trading Up 0.4%

Shares of NYSE TXNM traded up $0.22 during midday trading on Friday, hitting $52.89. The company's stock had a trading volume of 714,787 shares, compared to its average volume of 850,561. The business's 50 day moving average is $52.38 and its two-hundred day moving average is $49.64. The firm has a market cap of $4.90 billion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $55.50. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80.

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). The firm had revenue of $482.79 million for the quarter, compared to analysts' expectations of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business's quarterly revenue was up 10.5% on a year-over-year basis. As a group, equities research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be given a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.08%. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXNM. Evercore ISI upgraded 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. Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target on the stock in a report on Tuesday, March 11th. Scotiabank increased their price target on TXNM Energy from $52.00 to $55.00 and gave the stock a "sector perform" rating in a research note on Monday, February 24th. Finally, Barclays lifted 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $53.57.

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.