Inspire Investing LLC Has $570,000 Stock Position in TXNM Energy, Inc. $TXNM

Inspire Investing LLC grew its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 5.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,128 shares of the company’s stock after acquiring an additional 481 shares during the quarter. Inspire Investing LLC’s holdings in TXNM Energy were worth $570,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new position in TXNM Energy during the first quarter worth $25,000. Fifth Third Bancorp acquired a new position in TXNM Energy during the first quarter worth $40,000. Financial Gravity Asset Management Inc. acquired a new position in TXNM Energy during the first quarter worth $41,000. Smartleaf Asset Management LLC acquired a new position in shares of TXNM Energy during the 1st quarter worth about $43,000. Finally, UMB Bank n.a. acquired a new position in shares of TXNM Energy during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TXNM. Weiss Ratings restated a “hold (c)” rating on shares of TXNM Energy in a research note on Saturday, September 27th. Citigroup started coverage on TXNM Energy in a research report on Thursday. They set a “neutral” rating and a $61.25 price target for the company. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $57.04.

TXNM Energy Stock Performance

Shares of TXNM stock opened at $56.61 on Monday. TXNM Energy, Inc. has a one year low of $42.09 and a one year high of $57.42. The stock has a market cap of $5.97 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.68 and a beta of 0.06. The company has a fifty day moving average price of $56.78 and a two-hundred day moving average price of $55.59. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Thursday, February 3rd. The company reported $0.15 earnings per share (EPS) for the quarter. TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. The business had revenue of ($1,163.74) million during the quarter. As a group, equities analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be given a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. TXNM Energy’s dividend payout ratio (DPR) is presently 84.02%.

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.