Massar Capital Management LP Makes New $871,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Massar Capital Management LP acquired a new stake in shares of TXNM Energy, Inc. (NYSE:TXNM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 17,717 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors have also made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in TXNM Energy during the fourth quarter valued at approximately $232,000. Stifel Financial Corp bought a new stake in shares of TXNM Energy during the 4th quarter worth $2,031,000. State of Tennessee Department of Treasury acquired a new position in TXNM Energy in the 4th quarter valued at $1,381,000. Van Lanschot Kempen Investment Management N.V. bought a new position in TXNM Energy in the 4th quarter worth $5,318,000. Finally, Tower Research Capital LLC TRC bought a new position in TXNM Energy in the 4th quarter worth $393,000. 91.68% of the stock is owned by institutional investors.

TXNM Energy Stock Performance

TXNM opened at $51.49 on Tuesday. The stock has a market cap of $4.77 billion, a PE ratio of 26.82, a P/E/G ratio of 6.12 and a beta of 0.15. TXNM Energy, Inc. has a 1 year low of $39.60 and a 1 year high of $55.50. The stock’s 50 day simple moving average is $51.87 and its 200-day simple moving average is $48.70. 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 (NYSE:TXNM) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. The company had revenue of $476.96 million during the quarter, compared to analysts’ expectations of $496.05 million. Sell-side analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.4075 per share. This represents a $1.63 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, April 25th. TXNM Energy’s payout ratio is 61.05%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXNM. Evercore ISI raised TXNM Energy from an “in-line” rating to an “outperform” rating and raised their price target for the company from $51.00 to $54.00 in a research report on Tuesday, February 11th. Mizuho raised TXNM Energy from a “neutral” rating to an “outperform” rating and set a $53.00 target price on the stock in a report on Tuesday, March 11th. Barclays upped their price target on TXNM Energy from $56.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, March 18th. Finally, Scotiabank raised their price objective on shares of TXNM Energy from $52.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.57.

TXNM Energy 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.