11,946 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,946 shares of the company’s stock, valued at approximately $587,000.

Several other large investors have also recently added to or reduced their stakes in TXNM. Vanguard Group Inc. acquired a new stake in TXNM Energy during the 4th quarter worth $497,880,000. T. Rowe Price Investment Management Inc. acquired a new stake in TXNM Energy during the 4th quarter worth $303,744,000. FMR LLC acquired a new stake in TXNM Energy during the 4th quarter worth $191,594,000. Fuller & Thaler Asset Management Inc. acquired a new stake in TXNM Energy during the 4th quarter worth $189,170,000. Finally, Alliancebernstein L.P. acquired a new stake in TXNM Energy during the 4th quarter worth $123,764,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TXNM shares. Barclays raised their target price on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 18th. 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 report on Tuesday, March 11th. 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 report on Tuesday, February 11th. Finally, Scotiabank increased their price target on shares of TXNM Energy from $55.00 to $60.00 and gave the company a “sector perform” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.29.

TXNM Energy Stock Performance

Shares of TXNM opened at $56.42 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The stock has a market cap of $5.23 billion, a P/E ratio of 29.39, a PEG ratio of 6.12 and a beta of 0.11. The company has a 50-day moving average of $52.98 and a two-hundred day moving average of $50.11. TXNM Energy, Inc. has a 12-month low of $39.60 and a 12-month high of $57.29.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, May 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $482.79 million for the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, April 25th were issued a dividend of $0.4075 per share. The ex-dividend date was Friday, April 25th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.89%. TXNM Energy’s dividend payout ratio (DPR) is presently 72.44%.

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.