<div id="readability-page-1"><p>TXNM Energy, Inc. (NYSE:TXNM - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $58.51 and last traded at $58.4450, with a volume of 205999 shares trading hands. The stock had previously closed at $58.23.</p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts have recently weighed in on TXNM shares. Jefferies Financial Group lowered TXNM Energy from a &#34;buy&#34; rating to a &#34;hold&#34; rating and increased their price objective for the company from $58.00 to $61.25 in a research note on Monday, October 27th. Citigroup began coverage on shares of TXNM Energy in a report on Thursday, October 9th. They set a &#34;neutral&#34; rating and a $61.25 price target for the company. Finally, Weiss Ratings  reissued a &#34;hold (c+)&#34; rating on shares of TXNM Energy in a report on Monday, December 1st. Two investment analysts have rated the stock with a Buy rating and six have issued  a Hold rating to the stock. According to MarketBeat, TXNM Energy  has an average rating of &#34;Hold&#34; and an average target price of $58.42.</p><p><b>Read Our Latest Research Report on TXNM</b></p><h2>TXNM Energy Stock Performance</h2><p>The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.36 and a current ratio of 0.51. The stock has a market cap of $6.34 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 2.76 and a beta of 0.16. The firm has a fifty day moving average price of $57.33 and a 200 day moving average price of $56.91. </p><p>TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.11). TXNM Energy had a net margin of 8.67% and a return on equity of 7.20%. The business had revenue of $647.16 million for the quarter, compared to analyst estimates of $608.65 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share.  Research analysts forecast that  TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year. </p><h2>TXNM Energy Increases Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Investors of record on Friday, January 30th will be given a dividend of $0.4225 per share. This is a boost from TXNM Energy's previous quarterly dividend of $0.41. This represents a $1.69 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, January 30th. TXNM Energy's dividend payout ratio (DPR) is 95.32%. </p><h2>Insider Transactions at TXNM Energy</h2><p>In related news, Director Vicky A. Bailey sold 1,800 shares of TXNM Energy stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $57.74, for a total value of $103,932.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own  1.36% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>A number of institutional investors have recently bought and sold shares of the business. Cape Investment Advisory Inc. purchased a new position in shares of  TXNM Energy during the 2nd quarter worth approximately $28,000.  Huntington National Bank lifted its stake in  TXNM Energy by 1,307.0% during the second quarter. Huntington National Bank now owns 605 shares of the company's stock worth $34,000 after purchasing an additional 562 shares in the last quarter.  Smartleaf Asset Management LLC purchased a new position in shares of  TXNM Energy during the first quarter worth $43,000.  BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of  TXNM Energy in the first quarter valued at $54,000.  Finally, Twin Tree Management LP acquired a new stake in shares of  TXNM Energy in the first quarter valued at $58,000. 91.68% of the stock is owned by hedge funds and other institutional investors. </p><h2>TXNM Energy Company Profile</h2> (Get Free Report)<p>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.</p><h2>Read More</h2><ul><li>Five stocks we like better than TXNM Energy</li><li>Dividend Screener: How to Evaluate Dividend Stocks Before Buying</li><li>5 Tech Stocks Insiders Are Selling (But Smart Investors Are Loading Up)</li><li>Should You Add These Warren Buffett Stocks to Your Portfolio?</li><li>Why FuelCell Energy Stock Is Soaring After a Government Deal</li><li>How to Short a Stock in 5 Easy Steps </li><li>SoftBank’s Next AI Move? DigitalBridge Rockets 46% on Takeover Buzz</li></ul><p><em>This 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.</em></p><h2>Should You Invest $1,000 in TXNM Energy Right Now?</h2><p>Before you consider TXNM Energy, you'll want to hear this.</p><p>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.</p><p>While TXNM Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

TXNM

<p>TXNM Energy's stock reached a new 52-week high at $58.51. Analysts have mixed ratings, with Jefferies upgrading the price target to $61.25 but downgrading to 'hold'. Citigroup rated it 'neutral' with a $61.25 target. The company missed earnings estimates but increased its dividend. Insider transactions and institutional investments are noted. TXNM Energy operates electricity services in the U.S.</p>

TXNM Energy (NYSE:TXNM) Sets New 12-Month High - Here's Why