Van Lanschot Kempen Investment Management N.V. Buys Shares of 108,152 TXNM Energy, Inc. (NYSE:TXNM)

Van Lanschot Kempen Investment Management N.V. acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 108,152 shares of the company's stock, valued at approximately $5,318,000. Van Lanschot Kempen Investment Management N.V. owned 0.12% of TXNM Energy as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on TXNM. Evercore ISI raised shares of TXNM Energy from an "in-line" rating to an "outperform" rating and upped their target price for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Barclays upped their price objective on TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Mizuho raised TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a research report on Tuesday, March 11th. Finally, Scotiabank upped their price target on TXNM Energy from $52.00 to $55.00 and gave the stock a "sector perform" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, TXNM Energy presently has an average rating of "Moderate Buy" and a consensus price target of $53.57.

TXNM Energy Stock Down 1.3 %

TXNM traded down $0.71 during trading on Friday, reaching $52.99. 545,057 shares of the stock were exchanged, compared to its average volume of 861,738. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock's 50 day moving average price is $52.07 and its two-hundred day moving average price is $48.84. TXNM Energy, Inc. has a twelve month low of $39.60 and a twelve month high of $55.50. The stock has a market cap of $4.91 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 6.12 and a beta of 0.15.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued 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 analysts' expectations of $496.05 million. Equities analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

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

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.