10,000 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by Greenland Capital Management LP

Greenland Capital Management LP purchased a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,000 shares of the company’s stock, valued at approximately $492,000.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in shares of TXNM Energy during the 4th quarter valued at $497,880,000. FMR LLC acquired a new position in shares of TXNM Energy during the fourth quarter worth about $191,594,000. Alliancebernstein L.P. purchased a new stake in shares of TXNM Energy in the fourth quarter worth about $123,764,000. Geode Capital Management LLC acquired a new stake in shares of TXNM Energy in the fourth quarter valued at about $105,148,000. Finally, Franklin Resources Inc. purchased a new stake in shares of TXNM Energy during the 4th quarter valued at about $79,524,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

TXNM Energy Stock Performance

Shares of TXNM stock opened at $48.92 on Wednesday. The stock has a market capitalization of $4.53 billion, a price-to-earnings ratio of 25.48, a PEG ratio of 6.12 and a beta of 0.15. TXNM Energy, Inc. has a one year low of $39.60 and a one year high of $55.50. The company’s 50-day simple moving average is $51.28 and its 200-day simple moving average is $48.10. 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 (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 the consensus estimate of $496.05 million. Equities analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.4075 per share. The ex-dividend date is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.33%. TXNM Energy’s payout ratio is 61.05%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Citigroup lifted their price target on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Scotiabank upped their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research report on Monday, February 24th. Barclays lifted their target price on TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th. Finally, Mizuho raised TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target for the company in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.57.

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.