DRW Securities LLC Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

DRW Securities LLC acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 243,460 shares of the company's stock, valued at approximately $11,971,000. TXNM Energy makes up approximately 0.4% of DRW Securities LLC's portfolio, making the stock its 23rd biggest holding. DRW Securities LLC owned about 0.27% of TXNM Energy as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy in the fourth quarter valued at $38,000. Nomura Asset Management Co. Ltd. purchased a new position in TXNM Energy in the 4th quarter valued at about $48,000. CIBC Private Wealth Group LLC acquired a new position in TXNM Energy in the 4th quarter valued at $83,000. Quadrant Capital Group LLC acquired a new position in TXNM Energy during the fourth quarter worth about $210,000. Finally, Blair William & Co. IL acquired a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $211,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Stock Performance

Shares of TXNM traded up $0.69 during midday trading on Monday, reaching $52.42. 419,448 shares of the stock were exchanged, compared to its average volume of 863,271. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 6.12 and a beta of 0.15. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $55.50. The business's 50-day moving average price is $51.48 and its 200 day moving average price is $48.32. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27.

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TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $476.96 million during the quarter, compared to the consensus estimate of $496.05 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. On average, sell-side analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 3.11%. The ex-dividend date is Friday, April 25th. TXNM Energy's dividend payout ratio (DPR) is presently 61.05%.

Wall Street Analyst Weigh In

TXNM has been the topic of several recent analyst reports. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a report on Tuesday, March 11th. Barclays raised their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Scotiabank upped their price target on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research note on Monday, February 24th. Finally, Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their price objective for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently 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.