TXNM Energy, Inc. $TXNM Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. cut its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 96.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 18,276 shares of the company’s stock after selling 461,478 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in TXNM Energy were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in TXNM Energy in the first quarter worth approximately $25,000. Fifth Third Bancorp acquired a new stake in TXNM Energy in the first quarter worth approximately $40,000. Financial Gravity Asset Management Inc. acquired a new stake in TXNM Energy in the first quarter worth approximately $41,000. Smartleaf Asset Management LLC acquired a new stake in TXNM Energy in the first quarter worth approximately $43,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in TXNM Energy in the first quarter worth approximately $54,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Price Performance

Shares of NYSE:TXNM opened at $56.93 on Wednesday. TXNM Energy, Inc. has a one year low of $42.09 and a one year high of $57.42. The stock has a fifty day moving average of $56.78 and a 200-day moving average of $55.62. The company has a market capitalization of $6.00 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.69 and a beta of 0.06. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51.

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

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. TXNM Energy’s payout ratio is 84.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TXNM shares. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a research report on Tuesday. Citigroup started coverage on TXNM Energy in a research report on Thursday, October 9th. They issued a “neutral” rating and a $61.25 target price for the company. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $57.04.

TXNM Energy 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.