Susquehanna International Group LLP Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Susquehanna International Group LLP bought a new stake in TXNM Energy, Inc. (NYSE:TXNM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,520 shares of the company’s stock, valued at approximately $2,877,000. Susquehanna International Group LLP owned approximately 0.06% of TXNM Energy at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TXNM. Xponance Inc. purchased a new position in shares of TXNM Energy during the fourth quarter worth approximately $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in TXNM Energy in the fourth quarter valued at $8,369,000. Sei Investments Co. purchased a new stake in shares of TXNM Energy in the fourth quarter valued at about $9,270,000. LPL Financial LLC acquired a new stake in shares of TXNM Energy during the fourth quarter worth about $470,000. Finally, Vanguard Group Inc. purchased a new position in shares of TXNM Energy during the fourth quarter worth about $497,880,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TXNM shares. Scotiabank lifted 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. Barclays lifted their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, March 18th. Mizuho raised shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target for the company in a report on Tuesday, March 11th. Finally, Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, TXNM Energy currently has a consensus rating of “Moderate Buy” and an average target price of $53.57.

TXNM Energy Stock Performance

NYSE TXNM opened at $53.03 on Thursday. The business has a 50 day moving average price of $52.33 and a 200 day moving average price of $49.44. The company has a market capitalization of $4.91 billion, a P/E ratio of 27.62, a PEG ratio of 6.12 and a beta of 0.11. 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.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The business had revenue of $476.96 million during the quarter, compared to the consensus estimate of $496.05 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. Sell-side analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently disclosed 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 3.07%. TXNM Energy’s dividend payout ratio (DPR) 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.