3,882 Shares in TXNM Energy, Inc. (NYSE:TXNM) Purchased by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC purchased a new position in TXNM Energy, Inc. (NYSE:TXNM) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,882 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds have also bought and sold shares of TXNM. Bessemer Group Inc. acquired a new position in TXNM Energy in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc acquired a new position in TXNM Energy in the first quarter valued at approximately $35,000. Fifth Third Bancorp acquired a new position in TXNM Energy in the first quarter valued at approximately $40,000. Aster Capital Management DIFC Ltd acquired a new position in TXNM Energy in the fourth quarter valued at approximately $38,000. Finally, LRI Investments LLC acquired a new position in TXNM Energy in the fourth quarter valued at approximately $40,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Mizuho downgraded TXNM Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Barclays reiterated an “overweight” rating and set a $61.00 price objective (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Scotiabank boosted their price objective on TXNM Energy from $55.00 to $60.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 20th. Wall Street Zen downgraded TXNM Energy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Finally, Siebert Williams Shank downgraded TXNM Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $54.86.

TXNM Energy Stock Performance

TXNM opened at $56.40 on Friday. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.68 and a beta of 0.13. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.29 and a quick ratio of 0.19. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $57.29. The business has a 50 day moving average price of $54.81 and a two-hundred day moving average price of $51.62.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $482.79 million during the quarter, compared to analyst estimates of $451.01 million. TXNM Energy had a return on equity of 9.09% and a net margin of 10.13%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Research analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

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.