Vanguard Group Inc. Purchases Shares of 10,125,689 TXNM Energy, Inc. (NYSE:TXNM)

Vanguard Group Inc. purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,125,689 shares of the company's stock, valued at approximately $497,880,000. Vanguard Group Inc. owned approximately 11.23% of TXNM Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of TXNM. Xponance Inc. purchased a new stake in TXNM Energy during the 4th quarter valued at about $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $8,369,000. Sei Investments Co. purchased a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $9,270,000. Finally, LPL Financial LLC bought a new stake in shares of TXNM Energy during the fourth quarter valued at approximately $470,000. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Stock Performance

NYSE TXNM traded down $2.72 during trading hours on Friday, hitting $51.28. 1,376,346 shares of the company's stock traded hands, compared to its average volume of 842,072. 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 firm has a market capitalization of $4.75 billion, a P/E ratio of 26.71, a P/E/G 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's fifty day moving average price is $51.17 and its two-hundred day moving average price is $48.01.

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TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The business had revenue of $476.96 million for the quarter, compared to the consensus estimate of $496.05 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. Equities research analysts predict 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 paid a $0.4075 dividend. The ex-dividend date is Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a yield of 3.18%. TXNM Energy's payout ratio is presently 61.05%.

Analysts Set New Price Targets

Several analysts have commented on TXNM shares. Scotiabank increased their target price on 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 increased their price objective on TXNM Energy from $45.00 to $53.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Mizuho upgraded shares of 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. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Finally, Barclays lifted their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.