TXNM Energy, Inc. (NYSE:TXNM) Given Average Rating of “Hold” by Brokerages

TXNM Energy, Inc. (NYSE:TXNM) has received a consensus recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $60.8750.

Several equities analysts have issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st.

TXNM Energy Trading Up 0.3%

TXNM Energy stock traded up $0.17 during trading hours on Friday, reaching $58.42. 69,926 shares of the company’s stock were exchanged, compared to its average volume of 1,156,752. The company has a quick ratio of 0.38, a current ratio of 0.55 and a debt-to-equity ratio of 1.48. The firm’s 50 day simple moving average is $58.94 and its 200 day simple moving average is $58.14. TXNM Energy has a twelve month low of $47.69 and a twelve month high of $59.52. The firm has a market capitalization of $6.36 billion, a PE ratio of 40.01, a PEG ratio of 2.50 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. The business had revenue of $533.23 million during the quarter, compared to analyst estimates of $593.29 million. During the same period in the prior year, the firm earned $0.30 earnings per share. Research analysts predict that TXNM Energy will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 27th will be issued a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, April 27th. TXNM Energy’s dividend payout ratio (DPR) is presently 115.75%.

Hedge Funds Weigh In On TXNM Energy

Several institutional investors have recently made changes to their positions in TXNM. Empowered Funds LLC bought a new position in shares of TXNM Energy during the 1st quarter worth about $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in TXNM Energy by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company’s stock worth $15,902,000 after buying an additional 32,776 shares during the period. Swiss National Bank boosted its holdings in TXNM Energy by 6.6% in the second quarter. Swiss National Bank now owns 177,000 shares of the company’s stock worth $9,969,000 after acquiring an additional 11,000 shares in the last quarter. Legal & General Group Plc grew its stake in TXNM Energy by 4.3% in the second quarter. Legal & General Group Plc now owns 526,815 shares of the company’s stock valued at $29,670,000 after acquiring an additional 21,860 shares during the period. Finally, Rhumbline Advisers grew its stake in TXNM Energy by 4.6% in the second quarter. Rhumbline Advisers now owns 329,219 shares of the company’s stock valued at $18,542,000 after acquiring an additional 14,472 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.