TXNM Energy (NYSE:TXNM) Sees Large Volume Increase After Analyst Upgrade

Shares of TXNM Energy, Inc. (NYSE:TXNM - Get Free Report) saw strong trading volume on Monday after Wall Street Zen upgraded the stock to a hold rating. 2,805,202 shares traded hands during mid-day trading, an increase of 332% from the previous session's volume of 648,663 shares.The stock last traded at $59.2250 and had previously closed at $59.24.A number of other research firms have also recently weighed in on TXNM. Jefferies Financial Group cut shares of TXNM Energy from a "buy" rating to a "hold" rating and upped their target price for the company from $58.00 to $61.25 in a research note on Monday, October 27th. Citigroup started coverage on TXNM Energy in a report on Thursday, October 9th. They issued a "neutral" rating and a $61.25 target price for the company. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of TXNM Energy in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $58.42.Read Our Latest Stock Report on TXNMInsider Buying and SellingIn other news, Director Vicky A. Bailey sold 1,800 shares of TXNM Energy stock in a transaction on Friday, November 14th. The stock was sold at an average price of $57.74, for a total value of $103,932.00. Following the completion of the transaction, the director directly owned 8,725 shares in the company, valued at approximately $503,781.50. The trade was a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.36% of the company's stock. Institutional Trading of TXNM EnergyLarge investors have recently added to or reduced their stakes in the stock. Credit Industriel ET Commercial bought a new stake in TXNM Energy during the second quarter valued at about $676,000. BCK Capital Management LP bought a new position in shares of TXNM Energy in the 2nd quarter valued at about $2,090,000. Ceredex Value Advisors LLC bought a new position in shares of TXNM Energy during the 2nd quarter valued at approximately $7,426,000. Alberta Investment Management Corp purchased a new position in TXNM Energy during the second quarter worth $28,160,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of TXNM Energy by 13.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,920 shares of the company's stock worth $615,000 after acquiring an additional 1,312 shares during the last quarter. Institutional investors own 91.68% of the company's stock. TXNM Energy Price PerformanceThe company has a debt-to-equity ratio of 1.35, a quick ratio of 0.36 and a current ratio of 0.51. The company has a market capitalization of $6.45 billion, a P/E ratio of 34.62, a P/E/G ratio of 2.53 and a beta of 0.17. The firm's fifty day moving average is $58.67 and its 200 day moving average is $57.50. TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, October 31st. The company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.11). TXNM Energy had a return on equity of 7.20% and a net margin of 8.67%.The business had revenue of $647.16 million during the quarter, compared to analysts' expectations of $608.65 million. During the same quarter in the previous year, the business earned $1.43 EPS. As a group, analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year. TXNM Energy Increases DividendThe business also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, January 30th will be issued a $0.4225 dividend. This is an increase from TXNM Energy's previous quarterly dividend of $0.41. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, January 30th. TXNM Energy's dividend payout ratio is 95.32%. TXNM Energy Company Profile (Get Free Report)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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.Recommended StoriesFive stocks we like better than TXNM EnergyYour Signature Is Missing – Act Before It’s Too LateWhat Expenses Can Be Deducted From Capital Gains Tax?A month before the crashThe $100 Trillion AI Story No One Is Telling YouRefund From 1933: Trump’s Reset May Create Instant WealthThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in TXNM Energy Right Now?Before you consider TXNM Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TXNM Energy wasn't on the list.While TXNM Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here