TXNM Energy, Inc. $TXNM Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 69.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,162 shares of the company’s stock after buying an additional 16,883 shares during the quarter. SG Americas Securities LLC’s holdings in TXNM Energy were worth $2,406,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in TXNM Energy in the 4th quarter worth approximately $27,000. Kestra Advisory Services LLC acquired a new position in TXNM Energy in the 4th quarter valued at $74,000. Smartleaf Asset Management LLC lifted its stake in shares of TXNM Energy by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock worth $74,000 after purchasing an additional 236 shares during the period. Larson Financial Group LLC lifted its stake in shares of 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 during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of TXNM Energy by 22.5% during the fourth quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock worth $86,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXNM has been the subject of a number of recent analyst reports. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of TXNM Energy in a research report on Friday, May 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Stock Performance

Shares of TXNM stock opened at $56.73 on Thursday. TXNM Energy, Inc. has a one year low of $56.17 and a one year high of $59.53. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55. The company has a 50 day moving average price of $58.49 and a 200 day moving average price of $58.77. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 40.82, a price-to-earnings-growth ratio of 2.45 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The company had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Sell-side analysts anticipate that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.145 per share. This is a boost from TXNM Energy’s previous quarterly dividend of $0.42. This represents a $4.58 annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, June 30th. TXNM Energy’s payout ratio is currently 121.58%.

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.