Blair William & Co. IL Acquires Shares of 4,290 TXNM Energy, Inc. (NYSE:TXNM)

Blair William & Co. IL bought a new stake in TXNM Energy, Inc. (NYSE:TXNM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,290 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors have also recently made changes to their positions in TXNM. Prudential Financial Inc. bought a new stake in TXNM Energy in the 4th quarter valued at about $417,000. LPL Financial LLC bought a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $470,000. Xponance Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter valued at approximately $625,000. Corebridge Financial Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter valued at approximately $7,189,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in TXNM Energy in the 4th quarter worth approximately $8,369,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TXNM. Citigroup increased their target price on TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Barclays raised their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Mizuho upgraded TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target on the stock in a research report on Tuesday, March 11th. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Scotiabank upped their target price on shares of TXNM Energy from $52.00 to $55.00 and gave the stock a “sector perform” rating in a report on Monday, February 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, TXNM Energy currently has a consensus rating of “Moderate Buy” and an average price target of $53.57.

TXNM Energy Stock Down 5.0 %

TXNM stock opened at $51.28 on Friday. The company’s 50 day moving average is $51.17 and its 200 day moving average is $47.97. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 6.12 and a beta of 0.32. 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, Inc. has a 1-year low of $39.60 and a 1-year high of $55.50.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.30 EPS 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 firm had revenue of $476.96 million for the quarter, compared to analyst estimates of $496.05 million. Sell-side analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, April 25th. TXNM Energy’s payout ratio is currently 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.