TXNM Energy, Inc. (NYSE:TXNM) Given Consensus Recommendation of “Hold” by Analysts

TXNM Energy, Inc. (NYSE:TXNM) has earned an average recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $60.8750.

Separately, Wall Street Zen cut shares of TXNM Energy from a “hold” rating to a “sell” rating in a report on Monday, May 11th.

Hedge Funds Weigh In On TXNM Energy

Several institutional investors have recently modified their holdings of TXNM. Weiss Asset Management LP purchased a new stake in shares of TXNM Energy during the first quarter valued at approximately $9,670,000. Themes Management Co LLC lifted its holdings in TXNM Energy by 33.3% during the first quarter. Themes Management Co LLC now owns 4,593 shares of the company’s stock worth $269,000 after acquiring an additional 1,148 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in TXNM Energy by 420.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,657 shares of the company’s stock worth $88,839,000 after purchasing an additional 1,227,627 shares during the last quarter. Gabelli Funds LLC boosted its position in TXNM Energy by 2.1% in the first quarter. Gabelli Funds LLC now owns 893,714 shares of the company’s stock worth $52,247,000 after purchasing an additional 18,550 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in TXNM Energy by 11.4% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 346,186 shares of the company’s stock valued at $20,238,000 after purchasing an additional 35,550 shares during the period. 91.68% of the stock is owned by institutional investors.

TXNM Energy Stock Down 0.2%

Shares of NYSE:TXNM opened at $59.23 on Friday. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 2.56 and a beta of 0.16. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.46. TXNM Energy has a 12-month low of $52.59 and a 12-month high of $59.52. The business’s 50 day moving average is $58.85 and its 200 day moving average is $58.66.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The company had revenue of $504.98 million during the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 earnings per share. On average, sell-side analysts forecast that TXNM Energy will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Monday, April 27th were given a dividend of $0.4225 per share. The ex-dividend date of this dividend was Monday, April 27th. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is currently 121.58%.

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.