490,577 Shares in TXNM Energy, Inc. (NYSE:TXNM) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 490,577 shares of the company's stock, valued at approximately $24,122,000. Segall Bryant & Hamill LLC owned 0.54% of TXNM Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of TXNM. Prudential Financial Inc. acquired a new position in shares of TXNM Energy in the 4th quarter valued at approximately $417,000. LPL Financial LLC acquired a new stake in shares of TXNM Energy in the 4th quarter valued at $470,000. Xponance Inc. bought a new position in shares of TXNM Energy in the 4th quarter valued at $625,000. Corebridge Financial Inc. acquired a new position in shares of TXNM Energy during the 4th quarter worth $7,189,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of TXNM Energy during the 4th quarter worth $8,369,000. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Trading Down 0.3 %

Shares of TXNM Energy stock traded down $0.15 during trading on Friday, hitting $53.54. The company's stock had a trading volume of 1,284,068 shares, compared to its average volume of 829,225. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 6.12 and a beta of 0.32. TXNM Energy, Inc. has a 52 week low of $39.60 and a 52 week high of $55.50. The stock has a 50-day moving average price of $50.60 and a two-hundred day moving average price of $47.59. 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 analysts' consensus estimates of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The firm had revenue of $476.96 million for the quarter, compared to analyst estimates of $496.05 million. Equities research analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be paid a dividend of $0.4075 per share. The ex-dividend date is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.04%. TXNM Energy's dividend payout ratio is currently 61.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TXNM shares. Barclays lifted their target price on TXNM Energy from $56.00 to $57.00 and gave the company an "overweight" rating in a research report on Tuesday, March 18th. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Scotiabank increased their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a research note on Monday, February 24th. Citigroup boosted their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Finally, Mizuho upgraded TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 price target for the company in a research note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, TXNM Energy has a consensus rating of "Moderate Buy" and a consensus price target of $53.57.

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.