Brevan Howard Capital Management LP Makes New $301,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Brevan Howard Capital Management LP acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,114 shares of the company’s stock, valued at approximately $301,000.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of TXNM Energy in the 4th quarter valued at $497,880,000. Loomis Sayles & Co. L P bought a new stake in TXNM Energy in the fourth quarter valued at about $11,742,000. JPMorgan Chase & Co. acquired a new position in TXNM Energy in the fourth quarter worth about $31,972,000. Envestnet Asset Management Inc. bought a new position in TXNM Energy during the fourth quarter worth about $5,093,000. Finally, Pictet Asset Management Holding SA acquired a new stake in TXNM Energy during the fourth quarter valued at approximately $484,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Stock Performance

Shares of NYSE:TXNM opened at $52.89 on Monday. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $55.50. The business has a 50-day moving average price of $52.38 and a two-hundred day moving average price of $49.64. 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 capitalization of $4.90 billion, a P/E ratio of 27.55, a P/E/G ratio of 6.12 and a beta of 0.11.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, May 9th. The company reported $0.19 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 firm’s revenue was up 10.5% on a year-over-year basis. Equities analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.08%. TXNM Energy’s dividend payout ratio is 61.05%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TXNM shares. Barclays increased 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. Scotiabank lifted their price objective on TXNM Energy from $52.00 to $55.00 and gave the company a “sector perform” rating in a report on Monday, February 24th. Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Finally, Mizuho raised 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. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, TXNM Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.57.

TXNM Energy Company Profile

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.