Grantham Mayo Van Otterloo & Co. LLC Has $38.23 Million Holdings in TXNM Energy, Inc. $TXNM

Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 40.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 676,094 shares of the company’s stock after buying an additional 193,964 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned about 0.62% of TXNM Energy worth $38,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Cape Investment Advisory Inc. acquired a new position in shares of TXNM Energy during the 2nd quarter valued at $28,000. Huntington National Bank increased its stake in TXNM Energy by 1,307.0% in the second quarter. Huntington National Bank now owns 605 shares of the company’s stock valued at $34,000 after purchasing an additional 562 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in TXNM Energy by 280.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after purchasing an additional 756 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of TXNM Energy by 574.0% during the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after purchasing an additional 1,102 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of 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. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.1%

NYSE:TXNM opened at $58.91 on Friday. TXNM Energy, Inc. has a one year low of $47.21 and a one year high of $59.52. The company has a market cap of $6.42 billion, a PE ratio of 40.35, a PEG ratio of 2.52 and a beta of 0.17. 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 firm has a 50-day moving average of $59.08 and a 200-day moving average of $57.97.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, February 27th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). The company had revenue of $533.23 million for the quarter, compared to analyst estimates of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same quarter last year, the firm posted $0.30 EPS. As a group, equities research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal 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 issued a dividend of $0.4225 per share. The ex-dividend date is Monday, April 27th. This represents a $1.69 annualized dividend and a yield of 2.9%. TXNM Energy’s dividend payout ratio is 115.75%.

Wall Street Analyst Weigh In

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

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.