Dynamic Technology Lab Private Ltd Makes New $748,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 15,210 shares of the company's stock, valued at approximately $748,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. purchased a new position in shares of TXNM Energy during the 4th quarter valued at approximately $48,000. CIBC Private Wealth Group LLC acquired a new stake in TXNM Energy in the fourth quarter valued at $83,000. Blair William & Co. IL bought a new position in TXNM Energy during the 4th quarter valued at $211,000. Landscape Capital Management L.L.C. acquired a new position in TXNM Energy during the 4th quarter worth $238,000. Finally, Thoroughbred Financial Services LLC bought a new stake in shares of TXNM Energy in the 4th quarter worth about $251,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Analysts Set New Price Targets

TXNM has been the topic of several research analyst reports. Barclays increased their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. 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. Mizuho upgraded TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target for the company in a report on Tuesday, March 11th. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and raised their price objective for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Finally, Scotiabank lifted their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the stock a "sector perform" rating in a report on Monday, February 24th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, TXNM Energy currently has an average rating of "Moderate Buy" and an average price target of $53.57.

TXNM Energy Stock Performance

NYSE:TXNM traded up $1.46 during midday trading on Friday, reaching $51.52. 627,281 shares of the company traded hands, compared to its average volume of 860,746. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 6.12 and a beta of 0.15. The company has a fifty day moving average price of $51.42 and a 200 day moving average price of $48.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $55.50.

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

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be paid a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 annualized dividend and a dividend yield of 3.16%. 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.