Fintel reports that on October 2, 2024, Jefferies initiated coverage of TXNM Energy (NYSE:TXNM) with a Buy recommendation.
Analyst Price Forecast Suggests 6.80% Upside
As of September 25, 2024, the average one-year price target for TXNM Energy is $46.19/share. The forecasts range from a low of $40.40 to a high of $57.75. The average price target represents an increase of 6.80% from its latest reported closing price of $43.25 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual non-GAAP EPS is 2.77.
What is the Fund Sentiment?
There are 651 funds or institutions reporting positions in TXNM Energy. This is an increase of 15 owner(s) or 2.36% in the last quarter. Average portfolio weight of all funds dedicated to TXNM is 0.24%, an increase of 7.22%. Total shares owned by institutions increased in the last three months by 9.07% to 108,685K shares. 
The put/call ratio of TXNM is 0.05, indicating a bullish outlook.
What are Other Shareholders Doing?
T. Rowe Price Investment Management holds 5,261K shares representing 5.83% ownership of the company. In its prior filing, the firm reported owning 5,409K shares , representing a decrease of 2.80%. The firm decreased its portfolio allocation in TXNM by 1.47% over the last quarter.
Fuller & Thaler Asset Management holds 4,635K shares representing 5.14% ownership of the company. In its prior filing, the firm reported owning 2,604K shares , representing an increase of 43.82%. The firm increased its portfolio allocation in TXNM by 71.57% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 3,958K shares representing 4.39% ownership of the company. In its prior filing, the firm reported owning 2,204K shares , representing an increase of 44.33%. The firm increased its portfolio allocation in TXNM by 76.71% over the last quarter.
Zimmer Partners holds 3,575K shares representing 3.96% ownership of the company. In its prior filing, the firm reported owning 3,552K shares , representing an increase of 0.66%. The firm decreased its portfolio allocation in TXNM by 14.72% over the last quarter.
Hbk Investments L P holds 3,040K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 3,314K shares , representing a decrease of 9.05%. The firm decreased its portfolio allocation in TXNM by 33.99% over the last quarter.
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