TXNM Energy (NYSE:TXNM) Price Target Raised to $57.00 at Barclays

TXNM Energy (NYSE:TXNM - Free Report) had its price objective raised by Barclays from $56.00 to $57.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also weighed in on TXNM. 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 note on Tuesday, March 11th. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Wells Fargo & Company increased their target price on TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a research note on Tuesday, November 26th. Scotiabank lifted their target price on TXNM Energy from $52.00 to $55.00 and gave the stock a "sector perform" rating in a report on Monday, February 24th. Finally, Citigroup upped 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.57.

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TXNM Energy Stock Down 0.0 %

Shares of TXNM stock traded down $0.00 during trading hours on Tuesday, hitting $54.06. 1,780,248 shares of the company's stock traded hands, compared to its average volume of 787,135. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The stock's fifty day simple moving average is $50.02 and its two-hundred day simple moving average is $47.11. TXNM Energy has a 12-month low of $39.60 and a 12-month high of $55.50. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 6.12 and a beta of 0.32.

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 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 the consensus estimate of $496.05 million. On average, analysts expect that TXNM Energy will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, April 25th. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TXNM. Bessemer Group Inc. bought a new position in shares of TXNM Energy in the 4th quarter worth approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy during the fourth quarter valued at approximately $38,000. LRI Investments LLC bought a new position in TXNM Energy in the fourth quarter worth approximately $40,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of TXNM Energy during the 4th quarter worth $48,000. Finally, NewEdge Advisors LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at $53,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

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.