Massar Capital Management LP Invests $871,000 in TXNM Energy, Inc. (NYSE:TXNM)

Massar Capital Management LP purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,717 shares of the company's stock, valued at approximately $871,000.

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

TXNM Energy Stock Performance

Shares of TXNM traded down $0.71 during mid-day trading on Friday, hitting $52.99. The stock had a trading volume of 545,057 shares, compared to its average volume of 861,738. 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 firm has a market cap of $4.91 billion, a P/E ratio of 27.60, a PEG ratio of 6.12 and a beta of 0.15. TXNM Energy, Inc. has a 52 week low of $39.60 and a 52 week high of $55.50. The business has a fifty day moving average price of $52.07 and a 200-day moving average price of $48.84.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. The firm had revenue of $476.96 million during 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%. On average, equities research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy's payout ratio is currently 61.05%.

Wall Street Analysts Forecast Growth

TXNM has been the subject of several analyst reports. Barclays increased 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 lifted their target price on shares of TXNM Energy from $52.00 to $55.00 and gave the stock 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 increased their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price objective on the stock in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.