1 week Ago By Defense World Staff
Prudential Financial Inc. acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund acquired 9,014 shares of the company’s stock, valued at approximately $417,000. Several other large investors have also made changes to their positions in TXNM. Xponance Inc.
acquired a new stake in shares of TXNM Energy during the 4th quarter worth approximately $625,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of TXNM Energy in the fourth quarter valued at $8,369,000. Sei Investments Co.
purchased a new position in shares of TXNM Energy in the 4th quarter valued at about $9,270,000. LPL Financial LLC purchased a new position in TXNM Energy in the fourth quarter worth approximately $470,000. Finally, Vanguard Group Inc.
acquired a new position in shares of TXNM Energy during the fourth quarter worth $497,880,000. 91.68% of the stock is owned by institutional investors and hedge funds.
TXNM Energy Stock Up 4.1 %Shares of NYSE TXNM opened at $50.94 on Thursday.
TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $55.
50. The stock’s 50-day simple moving average is $51.38 and its 200-day simple moving average is $48.
18. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.
27 and a current ratio of 0.36. The firm has a market cap of $4.
72 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 6.12 and a beta of 0.
15. TXNM Energy (NYSE:TXNM – Get Free Report) last released its earnings results on Friday, February 21st. The company reported $0.
30 earnings per share for the quarter, hitting the consensus estimate of $0.30. TXNM Energy had a net margin of 9.
26% and a return on equity of 9.69%. The company had revenue of $476.
96 million during the quarter, compared to the consensus estimate of $496.05 million. As a group, equities analysts anticipate that TXNM Energy, Inc.
will post 2.73 earnings per share for the current fiscal year. TXNM Energy Announces DividendThe firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th.
Shareholders of record on Friday, April 25th will be issued a dividend of $0.4075 per share. The ex-dividend date is Friday, April 25th.
This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.20%.
TXNM Energy’s dividend payout ratio (DPR) is 61.05%. Analyst Upgrades and DowngradesTXNM has been the topic of several recent analyst reports.
Scotiabank increased their price target on shares of TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a research note on Monday, February 24th.
Barclays increased their price objective on TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 18th.
Citigroup lifted their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a report on Thursday, December 12th.
Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th.
Finally, Mizuho upgraded shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target for the company in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock.
According to MarketBeat, TXNM Energy has a consensus rating of “Moderate Buy” and an average target price of $53.57.Read Our Latest Research Report on TXNMTXNM Energy Company Profile (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.Featured ArticlesFive stocks we like better than TXNM EnergyNatural Gas Prices Continue To Rally, These Stocks Should BenefitQuantum Computing: The $6.
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