TXNM Energy (NYSE:TXNM) Stock Price Expected to Rise, Barclays Analyst Says

TXNM Energy (NYSE:TXNM) had its target price boosted by stock analysts at Barclays from $49.00 to $56.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target suggests a potential upside of 7.32% from the company’s previous close.

TXNM has been the topic of several other reports. Mizuho boosted their target price on TXNM Energy from $50.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday. Scotiabank lifted their target price on TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday, February 24th. Wells Fargo & Company upped their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, November 26th. Citigroup lifted their price target on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Evercore ISI raised shares of 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 research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.43.

TXNM Energy Stock Performance

Shares of TXNM Energy stock opened at $52.18 on Tuesday. The business’s fifty day simple moving average is $49.07 and its 200 day simple moving average is $46.13. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. TXNM Energy has a 12 month low of $35.35 and a 12 month high of $54.90. The firm has a market capitalization of $4.71 billion, a P/E ratio of 27.18, a price-to-earnings-growth ratio of 6.12 and a beta of 0.40.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The company had revenue of $476.96 million for the quarter, compared to analysts’ expectations of $496.05 million. As a group, analysts anticipate that TXNM Energy will post 2.73 EPS for the current year.

Institutional Investors Weigh In On TXNM Energy

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. bought a new position in shares of TXNM Energy during the 4th quarter valued at $497,880,000. T. Rowe Price Investment Management Inc. bought a new position in shares of TXNM Energy during the fourth quarter valued at about $303,744,000. FMR LLC purchased a new position in shares of TXNM Energy in the fourth quarter worth about $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of TXNM Energy in the fourth quarter worth about $189,170,000. Finally, Zimmer Partners LP bought a new stake in shares of TXNM Energy in the 4th quarter valued at about $165,816,000. 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.