Yousif Capital Management LLC Invests $1.66 Million in TXNM Energy, Inc. (NYSE:TXNM)

Yousif Capital Management LLC bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,996 shares of the company’s stock, valued at approximately $1,658,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXNM. Bessemer Group Inc. acquired a new stake in TXNM Energy during the 4th quarter worth $27,000. Versant Capital Management Inc purchased a new position in TXNM Energy in the first quarter worth approximately $35,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy during the 4th quarter worth about $38,000. LRI Investments LLC acquired a new stake in TXNM Energy during the fourth quarter worth approximately $40,000. Finally, UMB Bank n.a. acquired a new stake in shares of TXNM Energy during the first quarter worth about $52,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TXNM. Scotiabank boosted their price target on TXNM Energy from $55.00 to $60.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 20th. Wall Street Zen cut TXNM Energy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Siebert Williams Shank lowered TXNM Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, May 23rd. Barclays reaffirmed an “overweight” rating and set a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. 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 given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.86.

TXNM Energy Stock Performance

Shares of TXNM Energy stock opened at $56.59 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80. The stock has a market cap of $5.24 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 6.12 and a beta of 0.13. The business has a fifty day simple moving average of $54.37 and a 200-day simple moving average of $51.45. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $57.29.

TXNM Energy (NYSE:TXNM) last posted its earnings results 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). The company had revenue of $482.79 million during the quarter, compared to analyst estimates 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, sell-side analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Company 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.