Sei Investments Co. Buys Shares of 188,525 TXNM Energy, Inc. (NYSE:TXNM)

Sei Investments Co. purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 188,525 shares of the company’s stock, valued at approximately $9,270,000. Sei Investments Co. owned approximately 0.21% of TXNM Energy at the end of the most recent quarter.

Separately, Xponance Inc. bought a new stake in TXNM Energy during the fourth quarter worth $625,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

TXNM Energy Stock Performance

Shares of TXNM Energy stock opened at $53.54 on Monday. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 6.12 and a beta of 0.32. 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, Inc. has a twelve month low of $39.60 and a twelve month high of $55.50. The company’s fifty day moving average is $50.60 and its 200 day moving average is $47.64.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $476.96 million during the quarter, compared to analysts’ expectations of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. Sell-side analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be given a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.04%. TXNM Energy’s dividend payout ratio (DPR) is currently 61.05%.

Wall Street Analyst Weigh In

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

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.