TXNM Energy (NYSE:TXNM) Stock Rating Upgraded by Mizuho

TXNM Energy (NYSE:TXNM) was upgraded by investment analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, MarketBeat Ratings reports. The firm currently has a $53.00 price target on the stock. Mizuho’s price target points to a potential upside of 3.49% from the company’s current price.

A number of other analysts have also issued reports on TXNM. Evercore ISI upgraded shares of TXNM Energy from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $51.00 to $54.00 in a research note on Tuesday, February 11th. Barclays lifted their price target on shares of TXNM Energy from $49.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Wells Fargo & Company lifted their price target on shares of TXNM Energy from $49.00 to $53.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 26th. Scotiabank lifted their price target 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. Finally, Citigroup lifted their price target 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $53.43.

TXNM Energy Trading Up 0.1 %

TXNM opened at $51.21 on Tuesday. The firm has a market capitalization of $4.75 billion, a P/E ratio of 26.67, a P/E/G ratio of 6.12 and a beta of 0.32. The firm’s 50 day moving average is $49.19 and its 200-day moving average is $46.54. TXNM Energy has a 52-week low of $39.60 and a 52-week high of $54.90. The company has a quick ratio of 0.27, a current ratio of 0.36 and a debt-to-equity ratio of 1.80.

TXNM Energy (NYSE:TXNM) last posted 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. The company had revenue of $476.96 million for the quarter, compared to analyst estimates of $496.05 million. TXNM Energy had a net margin of 9.26% and a return on equity of 9.69%. Analysts expect that TXNM Energy will post 2.73 EPS for the current fiscal year.

Institutional Trading of TXNM Energy

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. bought a new stake in TXNM Energy during the fourth quarter valued at $497,880,000. T. Rowe Price Investment Management Inc. bought a new stake in TXNM Energy during the fourth quarter valued at $303,744,000. FMR LLC bought a new stake in TXNM Energy during the fourth quarter valued at $191,594,000. Fuller & Thaler Asset Management Inc. bought a new stake in TXNM Energy during the fourth quarter valued at $189,170,000. Finally, Zimmer Partners LP bought a new stake in TXNM Energy during the fourth quarter valued at $165,816,000. Institutional investors own 91.68% of the company’s stock.

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.