Captrust Financial Advisors Makes New $307,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Captrust Financial Advisors purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 6,247 shares of the company’s stock, valued at approximately $307,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in TXNM Energy during the 4th quarter worth approximately $497,880,000. Jane Street Group LLC purchased a new stake in shares of TXNM Energy during the 4th quarter worth approximately $3,692,000. Loomis Sayles & Co. L P purchased a new stake in shares of TXNM Energy during the 4th quarter worth approximately $11,742,000. JPMorgan Chase & Co. purchased a new stake in shares of TXNM Energy during the 4th quarter worth approximately $31,972,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter worth approximately $5,093,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Stock Down 0.3%

Shares of TXNM Energy stock opened at $56.42 on Wednesday. The company has a market cap of $5.23 billion, a P/E ratio of 29.39, a PEG ratio of 6.12 and a beta of 0.11. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $57.29. The firm has a fifty day moving average of $52.98 and a two-hundred day moving average of $50.11.

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

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were paid a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.89%. TXNM Energy’s dividend payout ratio (DPR) is presently 72.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TXNM. Scotiabank boosted their price objective on shares of TXNM Energy from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Mizuho upgraded shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price objective for the company in a research report on Tuesday, March 11th. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Finally, Barclays upped their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TXNM Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.29.

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.