TXNM Energy (NYSE:TXNM) Reaches New 12-Month High – Should You Buy?

TXNM Energy, Inc. (NYSE:TXNM) shares reached a new 52-week high on Thursday . The company traded as high as $51.25 and last traded at $51.19, with a volume of 36784 shares trading hands. The stock had previously closed at $50.97.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Citigroup raised their price target on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Barclays upped their price target on TXNM Energy from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Wells Fargo & Company lifted their price objective on shares of TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Finally, Scotiabank upped their target price on shares of TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, TXNM Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

TXNM Energy Trading Up 0.7 %

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’s 50 day moving average is $48.47 and its 200-day moving average is $45.48. The company has a market cap of $4.63 billion, a PE ratio of 26.76, a P/E/G ratio of 6.00 and a beta of 0.40.

TXNM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were paid a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 3.18%. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Friday, January 31st. TXNM Energy’s dividend payout ratio (DPR) is presently 84.90%.

Institutional Trading of TXNM Energy

Institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new stake in shares of TXNM Energy in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd purchased a new stake in TXNM Energy in the 4th quarter worth about $38,000. LRI Investments LLC bought a new stake in TXNM Energy in the fourth quarter worth about $40,000. Nomura Asset Management Co. Ltd. purchased a new position in shares of TXNM Energy during the fourth quarter valued at approximately $48,000. Finally, NewEdge Advisors LLC bought a new position in shares of TXNM Energy during the fourth quarter valued at approximately $53,000. 91.68% of the stock is currently owned by institutional investors.

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.