Capital Fund Management S.A. Invests $684,000 in TXNM Energy, Inc. (NYSE:TXNM)

Capital Fund Management S.A. purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 13,901 shares of the company's stock, valued at approximately $684,000.

A number of other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new position in TXNM Energy during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy during the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of TXNM Energy in the fourth quarter worth about $48,000. CIBC Private Wealth Group LLC purchased a new position in shares of TXNM Energy in the fourth quarter worth approximately $83,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $210,000. 91.68% of the stock is owned by institutional investors and hedge funds.

TXNM Energy Price Performance

NYSE TXNM traded up $1.81 on Tuesday, hitting $53.32. 638,908 shares of the company were exchanged, compared to its average volume of 866,496. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The company has a market cap of $4.94 billion, a P/E ratio of 27.77, a P/E/G ratio of 6.12 and a beta of 0.15. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $55.50. The firm has a 50 day moving average of $51.93 and a two-hundred day moving average of $48.73.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business had revenue of $476.96 million for the quarter, compared to analysts' expectations of $496.05 million. On average, equities analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be issued a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.06%. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Analyst Upgrades and Downgrades

TXNM has been the subject of several research reports. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target for the company in a report on Tuesday, March 11th. Barclays lifted their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Scotiabank upped their price target on shares of 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, Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Two 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 stock presently has an average 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.