Two Sigma Advisers LP Makes New Investment in TXNM Energy, Inc. (NYSE:TXNM)

Two Sigma Advisers LP acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 503,600 shares of the company’s stock, valued at approximately $24,762,000. Two Sigma Advisers LP owned about 0.56% of TXNM Energy at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in shares of TXNM Energy in the fourth quarter worth $497,880,000. T. Rowe Price Investment Management Inc. acquired a new stake in TXNM Energy during the 4th quarter worth about $303,744,000. FMR LLC purchased a new position in shares of TXNM Energy during the 4th quarter valued at about $191,594,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of TXNM Energy during the 4th quarter valued at about $189,170,000. Finally, Alliancebernstein L.P. acquired a new position in shares of TXNM Energy in the 4th quarter valued at about $123,764,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXNM has been the topic of a number of recent analyst reports. Evercore ISI raised shares of TXNM Energy from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $51.00 to $54.00 in a report on Tuesday, February 11th. Mizuho upgraded shares of TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 price objective for the company in a research report on Tuesday, March 11th. Barclays raised their target price on TXNM Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, March 18th. Finally, Scotiabank lifted their price target on TXNM Energy from $55.00 to $60.00 and gave the company a “sector perform” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TXNM Energy presently has a consensus rating of “Moderate Buy” and an average target price of $54.29.

TXNM Energy Price Performance

Shares of NYSE TXNM opened at $56.42 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 0.36 and a quick ratio of 0.27. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. The stock’s 50-day moving average is $52.98 and its two-hundred day moving average is $50.11. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $57.29.

TXNM Energy (NYSE:TXNM) last issued its quarterly 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). TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The firm had revenue of $482.79 million during the quarter, compared to analysts’ expectations of $451.01 million. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. Analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, April 25th were issued a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 2.89%. The ex-dividend date was Friday, April 25th. 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.