238,800 Shares in TXNM Energy, Inc. (NYSE:TXNM) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 238,800 shares of the company’s stock, valued at approximately $11,742,000.

A number of other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. bought a new position in TXNM Energy during the fourth quarter worth about $31,972,000. Segall Bryant & Hamill LLC bought a new position in TXNM Energy in the 4th quarter worth approximately $24,122,000. Prudential Financial Inc. bought a new position in TXNM Energy in the 4th quarter worth approximately $417,000. Corebridge Financial Inc. purchased a new position in TXNM Energy in the 4th quarter valued at approximately $7,189,000. Finally, Vanguard Group Inc. bought a new stake in TXNM Energy during the 4th quarter valued at $497,880,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Stock Down 0.3 %

TXNM stock opened at $53.54 on Friday. The company’s 50 day moving average is $50.60 and its 200 day moving average is $47.59. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 6.12 and a beta of 0.32. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $55.50.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The firm had revenue of $476.96 million for the quarter, compared to analyst estimates of $496.05 million. Sell-side 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 will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Friday, April 25th. TXNM Energy’s dividend payout ratio (DPR) is currently 61.05%.

Analyst Upgrades and Downgrades

TXNM has been the subject of several recent research reports. Scotiabank lifted their price target 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. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $51.00 to $54.00 in a report on Tuesday, February 11th. Mizuho raised shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price target on the stock in a report on Tuesday, March 11th. Barclays boosted their price objective on shares of TXNM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, March 18th. Finally, Citigroup increased their target price on shares of TXNM Energy from $45.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.57.

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.