TXNM Energy, Inc. (NYSE:TXNM) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of TXNM Energy, Inc. (NYSE:TXNM) have received an average rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $53.43.

Several research analysts have issued reports on the company. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Citigroup raised their price target on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Mizuho boosted their price objective on TXNM Energy from $50.00 to $53.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Barclays upped their target price on shares of TXNM Energy from $49.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company lifted their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of TXNM Energy during the fourth quarter worth $497,880,000. T. Rowe Price Investment Management Inc. acquired a new stake in TXNM Energy during the 4th quarter worth $303,744,000. FMR LLC bought a new position in TXNM Energy during the fourth quarter worth about $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new position in TXNM Energy in the fourth quarter valued at about $189,170,000. Finally, Zimmer Partners LP bought a new stake in shares of TXNM Energy in the fourth quarter worth about $165,816,000. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Stock Performance

TXNM Energy stock opened at $47.71 on Friday. The stock has a 50-day simple moving average of $49.14 and a 200 day simple moving average of $46.30. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 24.85, a P/E/G ratio of 6.12 and a beta of 0.40. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. TXNM Energy has a 12-month low of $35.35 and a 12-month high of $54.90.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company had revenue of $476.96 million during the quarter, compared to the consensus estimate of $496.05 million. On average, research analysts anticipate that TXNM Energy will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be paid a $0.4075 dividend. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.42%. TXNM Energy’s dividend payout ratio (DPR) is presently 61.05%.

About TXNM Energy

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.