Barclays PLC Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

Barclays PLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 201,881 shares of the company's stock, valued at approximately $9,926,000. Barclays PLC owned approximately 0.22% of TXNM Energy as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TXNM. Bessemer Group Inc. purchased a new stake in shares of TXNM Energy during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy during the 4th quarter worth approximately $38,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of TXNM Energy during the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC purchased a new position in shares of TXNM Energy in the fourth quarter valued at approximately $83,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of TXNM Energy in the fourth quarter worth approximately $157,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Price Performance

Shares of TXNM stock opened at $53.32 on Wednesday. The firm's 50-day moving average is $51.93 and its two-hundred day moving average is $48.73. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $55.50. 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 company has a market capitalization of $4.94 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 6.12 and a beta of 0.15.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. The business 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%. Analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business 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. The ex-dividend date is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.06%. TXNM Energy's payout ratio is currently 61.05%.

Analyst Ratings Changes

A number of research analysts have weighed in on TXNM shares. Barclays raised their price objective on TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Mizuho raised shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target on the stock in a research note on Tuesday, March 11th. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Finally, Scotiabank raised their target price 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.57.

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.

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