402,031 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by Invesco Ltd.

Invesco Ltd. bought a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 402,031 shares of the company's stock, valued at approximately $19,768,000. Invesco Ltd. owned 0.45% of TXNM Energy at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy in the 4th quarter valued at about $38,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC purchased a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $83,000. Quadrant Capital Group LLC purchased a new position in TXNM Energy during the 4th quarter worth $210,000. Finally, Blair William & Co. IL bought a new stake in TXNM Energy during the 4th quarter valued at $211,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Up 0.2 %

NYSE TXNM traded up $0.11 during trading on Thursday, hitting $53.55. The company's stock had a trading volume of 252,716 shares, compared to its average volume of 861,078. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $55.58. The company has a market cap of $4.96 billion, a PE ratio of 27.91, a P/E/G ratio of 6.12 and a beta of 0.15. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The business's 50 day simple moving average is $52.00 and its 200-day simple moving average is $48.76.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting analysts' consensus estimates 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 net margin of 9.26% and a return on equity of 9.69%. On average, equities analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, April 25th. TXNM Energy's payout ratio is 61.05%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank raised their price target on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research note on Monday, February 24th. Barclays upped their price objective 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 target price on the stock in a research note on Tuesday, March 11th. Finally, Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.