170,204 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in TXNM Energy, Inc. (NYSE:TXNM) during the fourth quarter, Holdings Channel reports. The firm bought 170,204 shares of the company’s stock, valued at approximately $8,369,000.

Separately, Xponance Inc. purchased a new stake in shares of TXNM Energy in the fourth quarter worth about $625,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TXNM has been the topic of a number of research analyst reports. Mizuho upgraded 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. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Barclays boosted their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Citigroup upped 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. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.57.

TXNM Energy Trading Down 0.0 %

Shares of TXNM stock opened at $54.06 on Friday. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $55.50. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The stock’s 50 day simple moving average is $50.02 and its two-hundred day simple moving average is $47.11. The company has a market cap of $5.01 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 6.12 and a beta of 0.32.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The firm had revenue of $476.96 million for the quarter, compared to analysts’ expectations of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. Research analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

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

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.