Fuller & Thaler Asset Management Inc. Takes $189.17 Million Position in TXNM Energy, Inc. (NYSE:TXNM)

Fuller & Thaler Asset Management Inc. bought 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 SEC. The fund bought 3,847,266 shares of the company's stock, valued at approximately $189,170,000. Fuller & Thaler Asset Management Inc. owned approximately 4.27% of TXNM Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. purchased a new position in TXNM Energy in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of TXNM Energy during the 4th quarter valued at about $48,000. NewEdge Advisors LLC acquired a new position in TXNM Energy during the 4th quarter worth approximately $53,000. Finally, CIBC Private Wealth Group LLC purchased a new position in TXNM Energy in the 4th quarter worth approximately $83,000. Institutional investors and hedge funds own 91.68% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TXNM shares. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Scotiabank boosted 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. Barclays upped their price objective on shares of TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $53.57.

TXNM Energy Stock Down 1.3 %

TXNM stock traded down $0.71 during mid-day trading on Friday, hitting $52.99. 545,057 shares of the company were exchanged, compared to its average volume of 861,738. The company has a market capitalization of $4.91 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 6.12 and a beta of 0.15. The firm has a fifty day simple moving average of $52.12 and a 200 day simple moving average of $48.90. 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 twelve month low of $39.60 and a twelve month high of $55.50.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting analysts' consensus estimates of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business had revenue of $476.96 million during the quarter, compared to the consensus estimate of $496.05 million. On average, 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 declared a quarterly dividend, which will be paid on Friday, May 16th. Investors 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 dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy's dividend payout ratio is currently 61.05%.

About TXNM Energy

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.