BTG Pactual Asset Management US LLC Purchases Shares of 22,538 TXNM Energy, Inc. (NYSE:TXNM)

BTG Pactual Asset Management US LLC 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 & Exchange Commission. The institutional investor purchased 22,538 shares of the company's stock, valued at approximately $1,108,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. acquired a new position in shares of TXNM Energy in the 4th quarter worth approximately $497,880,000. FMR LLC acquired a new stake in shares of TXNM Energy during the 4th quarter valued at $191,594,000. Alliancebernstein L.P. bought a new stake in shares of TXNM Energy during the 4th quarter worth $123,764,000. Geode Capital Management LLC acquired a new stake in shares of TXNM Energy during the fourth quarter worth $105,148,000. Finally, Franklin Resources Inc. acquired a new position in shares of TXNM Energy in the 4th quarter valued at $79,524,000. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on TXNM. Scotiabank lifted 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 report on Monday, February 24th. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and increased their target price for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target on the stock in a research report on Tuesday, March 11th. Finally, Barclays lifted their target price on TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, TXNM Energy has an average rating of "Moderate Buy" and an average target price of $53.57.

TXNM Energy Stock Up 1.4 %

TXNM stock traded up $0.74 during mid-day trading on Thursday, hitting $53.31. The stock had a trading volume of 934,280 shares, compared to its average volume of 865,553. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 6.12 and a beta of 0.15. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $57.00. The company has a fifty day moving average of $51.69 and a 200 day moving average of $48.45.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $476.96 million for the quarter, compared to analyst estimates 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 expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

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

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.