Sei Investments Co. Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Sei Investments Co. acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 188,525 shares of the company's stock, valued at approximately $9,270,000. Sei Investments Co. owned approximately 0.21% of TXNM Energy at the end of the most recent quarter.

Separately, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in TXNM Energy during the fourth quarter worth about $8,369,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

TXNM Energy Price Performance

Shares of NYSE:TXNM traded up $0.17 on Thursday, hitting $54.01. The company had a trading volume of 1,127,122 shares, compared to its average volume of 838,873. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The company has a market cap of $5.00 billion, a PE ratio of 28.13, a PEG 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 business has a 50 day moving average of $51.09 and a 200 day moving average of $47.88.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $496.05 million. As a group, equities analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

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TXNM Energy Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.02%. TXNM Energy's dividend payout ratio (DPR) is currently 61.05%.

Wall Street Analysts Forecast Growth

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