Van Lanschot Kempen Investment Management N.V. Purchases Shares of 108,152 TXNM Energy, Inc. (NYSE:TXNM)

Van Lanschot Kempen Investment Management N.V. purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 108,152 shares of the company’s stock, valued at approximately $5,318,000. Van Lanschot Kempen Investment Management N.V. owned about 0.12% of TXNM Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in TXNM Energy during the 4th quarter worth approximately $393,000. MetLife Investment Management LLC acquired a new position in shares of TXNM Energy in the 4th quarter valued at $5,092,000. Covalis Capital LLP acquired a new stake in TXNM Energy during the 4th quarter worth about $15,900,000. Dimensional Fund Advisors LP purchased a new stake in TXNM Energy during the 4th quarter valued at about $78,859,000. Finally, First Trust Advisors LP acquired a new position in shares of TXNM Energy in the fourth quarter valued at about $10,346,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Price Performance

NYSE:TXNM opened at $51.49 on Tuesday. The firm has a market cap of $4.77 billion, a P/E ratio of 26.82, a price-to-earnings-growth ratio of 6.12 and a beta of 0.15. The stock has a 50 day moving average of $51.87 and a two-hundred day moving average of $48.70. TXNM Energy, Inc. has a 12 month low of $39.60 and a 12 month high of $55.50. 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 (NYSE:TXNM) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.30 earnings per share for the quarter, meeting 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 analyst estimates of $496.05 million. On average, analysts expect that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

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 $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy’s dividend payout ratio (DPR) is 61.05%.

Wall Street Analysts Forecast Growth

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

About TXNM Energy

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.