Mariner LLC Purchases New Position in TXNM Energy, Inc. (NYSE:TXNM)

Mariner LLC acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 20,582 shares of the company's stock, valued at approximately $1,012,000.

Several other institutional investors have also modified their holdings of the stock. Bessemer Group Inc. bought a new position in shares of TXNM Energy during the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new position in TXNM Energy during the fourth quarter valued at $38,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of TXNM Energy in the fourth quarter valued at $48,000. CIBC Private Wealth Group LLC purchased a new position in shares of TXNM Energy during the 4th quarter worth about $83,000. Finally, Sterling Capital Management LLC bought a new position in TXNM Energy during the 4th quarter valued at about $157,000. 91.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Scotiabank boosted their target price on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research report on Monday, February 24th. Evercore ISI raised TXNM Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Barclays boosted their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. Finally, Mizuho raised shares of 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $53.57.

TXNM Energy Stock Down 1.3 %

Shares of TXNM Energy stock opened at $52.99 on Monday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 6.12 and a beta of 0.15. The firm's 50-day moving average is $52.12 and its two-hundred day moving average is $48.98. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $55.50.

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

TXNM Energy Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Friday, April 25th. TXNM Energy's payout ratio is currently 61.05%.

TXNM Energy Company 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.

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