Hennion & Walsh Asset Management Inc. Makes New $270,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 5,047 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds have also recently bought and sold shares of TXNM. Xponance Inc. acquired a new position in TXNM Energy during the fourth quarter worth $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in TXNM Energy during the fourth quarter worth $8,369,000. Sei Investments Co. acquired a new position in TXNM Energy during the fourth quarter worth $9,270,000. LPL Financial LLC acquired a new position in TXNM Energy during the fourth quarter worth $470,000. Finally, Vanguard Group Inc. acquired a new position in TXNM Energy during the fourth quarter worth $497,880,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Trading Down 0.3%

NYSE:TXNM opened at $56.60 on Tuesday. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29. 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 has a market capitalization of $5.24 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 6.12 and a beta of 0.13. The business’s 50-day simple moving average is $53.76 and its 200-day simple moving average is $51.18.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The business had revenue of $482.79 million for the quarter, compared to the consensus estimate of $451.01 million. The company’s revenue was up 10.5% on a year-over-year basis. Sell-side analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TXNM has been the subject of several recent analyst reports. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Siebert Williams Shank lowered TXNM Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 23rd. Scotiabank raised their target price on TXNM Energy from $55.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 20th. Finally, Mizuho lowered TXNM Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $54.86.

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.