Xponance Inc. Buys Shares of 12,711 TXNM Energy, Inc. (NYSE:TXNM)

Xponance Inc. 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 disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,711 shares of the company's stock, valued at approximately $625,000.

TXNM Energy Price Performance

NYSE:TXNM traded down $0.15 during mid-day trading on Friday, reaching $53.54. 1,284,068 shares of the company were exchanged, compared to its average volume of 829,225. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The stock has a market cap of $4.96 billion, a PE ratio of 27.89, a PEG ratio of 6.12 and a beta of 0.32. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $55.50. The company has a fifty day moving average of $50.60 and a 200 day moving average of $47.59.

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 the consensus estimate of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business had revenue of $476.96 million for the quarter, compared to analysts' expectations of $496.05 million. On average, research analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

Remove Ads

TXNM Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently weighed in on TXNM. Scotiabank upped their target price 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. Evercore ISI upgraded TXNM Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Citigroup increased their price objective on TXNM Energy from $45.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Mizuho upgraded shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a research note on Tuesday, March 11th. Finally, Barclays increased 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 issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $53.57.

About TXNM Energy

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.