Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Position in TXNM Energy, Inc. (NYSE:TXNM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 170,204 shares of the company's stock, valued at approximately $8,369,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.19% of TXNM Energy as of its most recent SEC filing.

Separately, Xponance Inc. acquired a new stake in TXNM Energy during the fourth quarter worth about $625,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upped their price objective on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Wells Fargo & Company raised their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Citigroup lifted their price objective on shares of TXNM Energy from $45.00 to $53.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. 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 report on Tuesday, March 11th. Finally, Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.57.

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TXNM Energy Price Performance

Shares of TXNM stock traded down $0.52 on Tuesday, reaching $53.81. 415,269 shares of the company were exchanged, compared to its average volume of 1,054,698. TXNM Energy, Inc. has a 1 year low of $35.35 and a 1 year high of $55.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The business has a 50-day moving average price of $50.17 and a 200 day moving average price of $47.28. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 6.12 and a beta of 0.32.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $476.96 million during the quarter, compared to analyst estimates of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. Equities research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.03%. TXNM Energy's payout ratio is currently 61.05%.

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.