1 day Ago By ABMN Staff
Federated Hermes Inc. bought a new stake in TXNM Energy, Inc. ( NYSE:TXNM – Free Report ) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm bought 5,830 shares of the company’s stock, valued at approximately $287,000. A number of other institutional investors also recently added to or reduced their stakes in TXNM. Vanguard Group Inc.
acquired a new stake in shares of TXNM Energy in the 4th quarter valued at $497,880,000. Alliancebernstein L.P.
purchased a new stake in TXNM Energy during the 4th quarter worth about $123,764,000. Geode Capital Management LLC acquired a new position in shares of TXNM Energy during the 4th quarter worth about $105,148,000. Franklin Resources Inc.
purchased a new position in shares of TXNM Energy in the 4th quarter valued at about $79,524,000. Finally, Wellington Management Group LLP acquired a new stake in shares of TXNM Energy during the 4th quarter worth about $64,046,000. Hedge funds and other institutional investors own 91.
68% of the company’s stock. TXNM Energy Stock Up 1.4 % Shares of NYSE TXNM opened at $53.
31 on Friday. 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 firm has a 50-day moving average price of $51.
78 and a 200 day moving average price of $48.51. TXNM Energy, Inc.
has a 52 week low of $39.60 and a 52 week high of $55.50.
The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 27.77, a price-to-earnings-growth ratio of 6.
12 and a beta of 0.15. TXNM Energy Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th.
Investors of record on Friday, April 25th will be given a $0.4075 dividend. The ex-dividend date is Friday, April 25th.
This represents a $1.63 annualized dividend and a dividend yield of 3.06%.
TXNM Energy’s dividend payout ratio is presently 61.05%. Analyst Upgrades and Downgrades Several equities analysts have commented on the stock.
Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and increased their price target for the company from $51.00 to $54.00 in a research note on Tuesday, February 11th.
Mizuho raised shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 target price on the stock in a research report on Tuesday, March 11th. Barclays boosted their price target on shares of TXNM Energy from $56.
00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Finally, Scotiabank upped their target price on TXNM Energy from $52.
00 to $55.00 and gave the company a “sector perform” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock.
According to data from MarketBeat.com, TXNM Energy has a consensus rating of “Moderate Buy” and an average price target of $53.57.
Read Our Latest Research Report on TXNM About TXNM Energy ( Free Report ) 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.
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