TXNM Energy, Inc. $TXNM Shares Acquired by Groupe la Francaise

Groupe la Francaise increased its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 161.2% in the 1st quarter, HoldingsChannel reports. The firm owned 311,832 shares of the company’s stock after purchasing an additional 192,446 shares during the period. Groupe la Francaise’s holdings in TXNM Energy were worth $18,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in TXNM. Public Employees Retirement System of Ohio increased its position in TXNM Energy by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,787 shares of the company’s stock worth $221,000 after purchasing an additional 176 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of TXNM Energy by 17.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock valued at $73,000 after buying an additional 184 shares during the period. Federated Hermes Inc. boosted its stake in shares of TXNM Energy by 3.3% in the second quarter. Federated Hermes Inc. now owns 6,314 shares of the company’s stock valued at $356,000 after buying an additional 199 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of TXNM Energy by 1.4% in the fourth quarter. Bank of Montreal Can now owns 15,804 shares of the company’s stock valued at $931,000 after buying an additional 219 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of TXNM Energy by 3.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,368 shares of the company’s stock valued at $372,000 after buying an additional 223 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Trading Up 0.5%

Shares of TXNM Energy stock opened at $57.96 on Friday. The company has a 50-day moving average of $57.76 and a two-hundred day moving average of $58.55. TXNM Energy, Inc. has a 12-month low of $55.64 and a 12-month high of $59.53. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46. The stock has a market cap of $6.42 billion, a PE ratio of 41.69, a price-to-earnings-growth ratio of 2.49 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.09). The firm had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.TXNM Energy’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. On average, research analysts anticipate that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be paid a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 3rd. TXNM Energy’s dividend payout ratio (DPR) is presently 121.58%.

Analyst Ratings Changes

TXNM has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of TXNM Energy in a research report on Friday, May 29th. Wall Street Zen lowered shares of TXNM Energy from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, TXNM Energy currently has an average rating of “Hold” and a consensus price target of $61.25.

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. 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.