TXNM Energy (NYSE:TXNM) Rating Increased to Outperform at Evercore ISI

TXNM Energy (NYSE:TXNM) was upgraded by equities research analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued on Tuesday,Finviz reports. The brokerage currently has a $54.00 price target on the stock, up from their prior price target of $51.00. Evercore ISI’s price target points to a potential upside of 10.44% from the stock’s current price.

TXNM has been the topic of a number of other reports. Scotiabank boosted their target price on TXNM Energy from $46.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Wells Fargo & Company upped their price objective on TXNM Energy from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, November 26th. Barclays upped their price objective on TXNM Energy from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Finally, Citigroup upped their price objective on TXNM Energy from $45.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, TXNM Energy presently has an average rating of “Moderate Buy” and a consensus target price of $52.33.

TXNM Energy Stock Down 0.0 %

NYSE:TXNM opened at $48.89 on Tuesday. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The firm’s 50-day simple moving average is $48.32. The company has a market capitalization of $4.41 billion, a PE ratio of 25.47, a PEG ratio of 5.91 and a beta of 0.40. TXNM Energy has a 52 week low of $35.35 and a 52 week high of $50.28.

Institutional Trading of TXNM Energy

A hedge fund recently bought a new stake in TXNM Energy stock. Xponance Inc. bought a new position in TXNM Energy, Inc. (NYSE:TXNM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,711 shares of the company’s stock, valued at approximately $625,000. Institutional investors and hedge funds 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.