Vanguard Group Inc. Increases Stake in TXNM Energy, Inc. $TXNM

Vanguard Group Inc. raised its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,899,308 shares of the company’s stock after buying an additional 330,382 shares during the quarter. Vanguard Group Inc. owned about 0.11% of TXNM Energy worth $700,631,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TXNM. Balyasny Asset Management L.P. grew its position in shares of TXNM Energy by 344.9% in the 3rd quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock worth $228,592,000 after buying an additional 3,133,794 shares during the last quarter. Citadel Advisors LLC grew its position in shares of TXNM Energy by 19,952.4% in the 3rd quarter. Citadel Advisors LLC now owns 1,007,033 shares of the company’s stock worth $56,948,000 after buying an additional 1,002,011 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of TXNM Energy by 83.1% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock worth $99,279,000 after buying an additional 800,258 shares during the last quarter. Sona Asset Management US LLC grew its position in shares of TXNM Energy by 79.8% in the 3rd quarter. Sona Asset Management US LLC now owns 1,663,830 shares of the company’s stock worth $94,090,000 after buying an additional 738,631 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of TXNM Energy by 228.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,001,951 shares of the company’s stock worth $56,660,000 after buying an additional 697,109 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Price Performance

Shares of TXNM stock opened at $59.21 on Monday. The firm has a market cap of $6.56 billion, a P/E ratio of 42.60, a P/E/G ratio of 2.53 and a beta of 0.16. TXNM Energy, Inc. has a fifty-two week low of $51.59 and a fifty-two week high of $59.52. The business’s 50 day moving average price is $58.83 and its 200-day moving average price is $58.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The business had revenue of $504.98 million during the quarter, compared to the consensus estimate of $506.24 million. TXNM Energy had a return on equity of 7.25% and a net margin of 6.96%.TXNM Energy’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. On average, equities research analysts anticipate that TXNM Energy, Inc. will post 3.09 earnings per share for the current year.

TXNM Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 27th will be given a dividend of $0.4225 per share. The ex-dividend date is Monday, April 27th. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. TXNM Energy’s payout ratio is currently 115.75%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $60.88.

TXNM Energy Company Profile

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.