TXNM Energy, Inc. $TXNM Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC lifted its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 875,164 shares of the company’s stock after buying an additional 19,700 shares during the quarter. Gabelli Funds LLC’s holdings in TXNM Energy were worth $51,530,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TXNM. Principal Financial Group Inc. raised its holdings in shares of TXNM Energy by 55.4% during the third quarter. Principal Financial Group Inc. now owns 330,336 shares of the company’s stock valued at $18,681,000 after acquiring an additional 117,765 shares during the period. AlphaQuest LLC acquired a new stake in shares of TXNM Energy during the third quarter valued at approximately $2,880,000. Angelo Gordon & CO. L.P. acquired a new stake in shares of TXNM Energy during the third quarter valued at approximately $5,694,000. Athos Capital Ltd acquired a new stake in shares of TXNM Energy during the third quarter valued at approximately $8,078,000. Finally, Intech Investment Management LLC raised its holdings in shares of TXNM Energy by 56.7% during the third quarter. Intech Investment Management LLC now owns 98,451 shares of the company’s stock valued at $5,567,000 after acquiring an additional 35,607 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Stock Performance

TXNM stock opened at $59.23 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.46. The firm has a 50 day moving average of $58.85 and a two-hundred day moving average of $58.67. The company has a market capitalization of $6.56 billion, a price-to-earnings ratio of 42.61, a P/E/G ratio of 2.56 and a beta of 0.16. TXNM Energy, Inc. has a 12 month low of $52.59 and a 12 month high of $59.52.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The firm had revenue of $504.98 million for the quarter, compared to the consensus estimate of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.TXNM Energy’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, equities analysts anticipate that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, April 27th were issued a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, April 27th. TXNM Energy’s dividend payout ratio is currently 121.58%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of TXNM Energy from a “hold” rating to a “sell” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.