Commonwealth of Pennsylvania Public School Empls Retrmt SYS Invests $8.37 Million in TXNM Energy, Inc. (NYSE:TXNM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 170,204 shares of the company's stock, valued at approximately $8,369,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.19% of TXNM Energy at the end of the most recent reporting period.

Separately, Xponance Inc. acquired a new position in shares of TXNM Energy during the fourth quarter worth $625,000. Institutional investors own 91.68% of the company's stock.

TXNM Energy Stock Performance

Shares of TXNM Energy stock traded down $0.47 during trading hours on Wednesday, hitting $53.54. 886,901 shares of the company were exchanged, compared to its average volume of 792,071. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average of $50.30 and a 200-day moving average of $47.37. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $55.50. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 27.89, a P/E/G 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. 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%. As a group, 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 3.04%. The ex-dividend date is Friday, April 25th. TXNM Energy's payout ratio is 61.05%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXNM. Barclays upped their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a report on Tuesday, March 18th. Scotiabank raised their price objective on TXNM Energy from $52.00 to $55.00 and gave the stock a "sector perform" rating in a report on Monday, February 24th. Citigroup lifted their target price on TXNM Energy from $45.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their target price on TXNM Energy from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, November 26th. Finally, Mizuho upgraded 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, TXNM Energy currently has a consensus rating of "Moderate Buy" and an average price target 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.