TXNM Energy, Inc. $TXNM Holdings Trimmed by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. trimmed its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 2,477,663 shares of the company’s stock after selling 73,735 shares during the quarter. TXNM Energy accounts for 2.6% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 14th biggest holding. Reaves W H & Co. Inc.’s holdings in TXNM Energy were worth $145,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its position in TXNM Energy by 280.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock worth $58,000 after purchasing an additional 756 shares in the last quarter. Jones Financial Companies Lllp grew its position in TXNM Energy by 574.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock worth $73,000 after purchasing an additional 1,102 shares in the last quarter. Larson Financial Group LLC grew its position in TXNM Energy by 81.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after purchasing an additional 623 shares in the last quarter. Farther Finance Advisors LLC grew its position in TXNM Energy by 22.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock worth $86,000 after purchasing an additional 268 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in TXNM Energy by 215.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock worth $86,000 after purchasing an additional 1,043 shares in the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

TXNM Energy Trading Up 0.1%

NYSE TXNM opened at $59.25 on Monday. The firm’s 50 day moving average price is $59.00 and its two-hundred day moving average price is $58.84. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55. TXNM Energy, Inc. has a twelve month low of $56.17 and a twelve month high of $59.53. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 2.55 and a beta of 0.16.

TXNM Energy (NYSE:TXNM) last posted 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). TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The company had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. Equities analysts anticipate that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $1.145 per share. The ex-dividend date is Tuesday, June 30th. This represents a $4.58 annualized dividend and a dividend yield of 7.7%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.42. TXNM Energy’s dividend payout ratio is presently 121.58%.

Analyst Ratings Changes

TXNM has been the topic of several research analyst reports. Wall Street Zen cut shares of TXNM Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of TXNM Energy in a research report on Friday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, TXNM Energy currently has a consensus rating of “Hold” and an average target price of $61.25.

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. 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.