TXNM Energy, Inc. $TXNM Stock Holdings Lowered by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. trimmed its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 81.1% in the third quarter, HoldingsChannel reports. The firm owned 35,000 shares of the company’s stock after selling 150,000 shares during the period. Polar Asset Management Partners Inc.’s holdings in TXNM Energy were worth $1,979,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TXNM. Vanguard Group Inc. boosted its position in shares of TXNM Energy by 16.0% during the third quarter. Vanguard Group Inc. now owns 11,568,926 shares of the company’s stock worth $654,223,000 after buying an additional 1,598,954 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of TXNM Energy by 344.9% during the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock valued at $228,592,000 after purchasing an additional 3,133,794 shares in the last quarter. Geode Capital Management LLC lifted its holdings in TXNM Energy by 2.9% in the second quarter. Geode Capital Management LLC now owns 2,275,324 shares of the company’s stock worth $128,169,000 after purchasing an additional 63,240 shares during the period. Norges Bank acquired a new stake in TXNM Energy in the second quarter worth about $99,354,000. Finally, Adage Capital Partners GP L.L.C. grew its position in TXNM Energy by 83.1% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock valued at $99,279,000 after buying an additional 800,258 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Price Performance

Shares of TXNM Energy stock opened at $58.30 on Friday. TXNM Energy, Inc. has a twelve month low of $47.69 and a twelve month high of $59.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55. The firm has a market cap of $6.35 billion, a P/E ratio of 39.93, a price-to-earnings-growth ratio of 2.49 and a beta of 0.17. The firm’s 50-day simple moving average is $59.01 and its 200-day simple moving average is $58.08.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). TXNM Energy had a return on equity of 7.54% and a net margin of 7.27%.The business had revenue of $533.23 million for the quarter, compared to the consensus estimate of $593.29 million. During the same quarter in the prior year, the business earned $0.30 EPS. As a group, research analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The firm 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 dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, April 27th. TXNM Energy’s payout ratio is 115.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a report 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.88.

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.