Xponance Inc. Takes Position in TXNM Energy, Inc. (NYSE:TXNM)

Xponance Inc. purchased a new position in TXNM Energy, Inc. (NYSE:TXNM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 12,711 shares of the company’s stock, valued at approximately $625,000.

Wall Street Analysts Forecast Growth

TXNM has been the topic of several analyst reports. Evercore ISI upgraded TXNM Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Barclays lifted their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. Scotiabank increased their price objective 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. Citigroup raised their price objective on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.57.

TXNM Energy Stock Performance

TXNM Energy stock opened at $53.97 on Wednesday. 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, 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 price of $50.30 and a two-hundred day moving average price of $47.37. The company has a market cap of $5.00 billion, a PE ratio of 28.11, a P/E/G ratio of 6.12 and a beta of 0.32.

TXNM Energy (NYSE:TXNM) last posted 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 during the quarter, compared to analyst estimates of $496.05 million. Research analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, April 25th will be issued a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, April 25th. TXNM Energy’s dividend payout ratio (DPR) is presently 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.