Gamco Investors INC. ET AL Sells 12,570 Shares of TXNM Energy, Inc. $TXNM

Gamco Investors INC. ET AL cut its stake in TXNM Energy, Inc. (NYSE:TXNM) by 1.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 803,660 shares of the company’s stock after selling 12,570 shares during the period. Gamco Investors INC. ET AL’s holdings in TXNM Energy were worth $45,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. boosted its position in TXNM Energy by 3.3% during the 2nd quarter. Federated Hermes Inc. now owns 6,314 shares of the company’s stock worth $356,000 after acquiring an additional 199 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of TXNM Energy by 1.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 19,139 shares of the company’s stock valued at $1,082,000 after purchasing an additional 200 shares during the last quarter. CWM LLC lifted its position in shares of TXNM Energy by 8.9% in the third quarter. CWM LLC now owns 2,738 shares of the company’s stock worth $155,000 after purchasing an additional 224 shares in the last quarter. Inspire Investing LLC lifted its position in shares of TXNM Energy by 2.4% in the third quarter. Inspire Investing LLC now owns 10,376 shares of the company’s stock worth $587,000 after purchasing an additional 248 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its holdings in TXNM Energy by 2.2% during the third quarter. Moody Lynn & Lieberson LLC now owns 12,560 shares of the company’s stock worth $710,000 after purchasing an additional 266 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.1%

Shares of TXNM Energy stock opened at $58.91 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.55 and a quick ratio of 0.36. The business has a fifty day simple moving average of $59.08 and a two-hundred day simple moving average of $57.96. TXNM Energy, Inc. has a 1 year low of $47.21 and a 1 year high of $59.52. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 2.52 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.12). The company had revenue of $533.23 million during the quarter, compared to the consensus estimate of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same period in the previous year, the company earned $0.30 earnings per share. Research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently weighed in on TXNM. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.30.

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.