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

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

A number of other hedge funds have also modified their holdings of TXNM. Vanguard Group Inc. purchased a new stake in shares of TXNM Energy in the 4th quarter valued at approximately $497,880,000. T. Rowe Price Investment Management Inc. purchased a new stake in shares of TXNM Energy in the 4th quarter valued at approximately $303,744,000. FMR LLC purchased a new stake in shares of TXNM Energy in the 4th quarter valued at approximately $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of TXNM Energy in the 4th quarter valued at approximately $189,170,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of TXNM Energy in the 4th quarter valued at approximately $123,764,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

TXNM Energy Trading Down 0.3%

Shares of TXNM stock opened at $56.42 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.27 and a current ratio of 0.36. The stock has a market capitalization of $5.23 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The company has a 50 day moving average price of $52.98 and a 200 day moving average price of $50.11. TXNM Energy, Inc. has a fifty-two week low of $39.60 and a fifty-two week high of $57.29.

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

TXNM Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TXNM. Scotiabank boosted their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday. Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th. Mizuho raised shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target on the stock in a research note on Tuesday, March 11th. Finally, Barclays boosted their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, TXNM Energy currently has a consensus rating of “Moderate Buy” and an average price target 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.