Capula Management Ltd Makes New $2.11 Million Investment in TXNM Energy, Inc. $TXNM

Capula Management Ltd purchased a new stake in TXNM Energy, Inc. (NYSE:TXNM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,021 shares of the company’s stock, valued at approximately $2,106,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cetera Investment Advisers lifted its position in shares of TXNM Energy by 4.8% during the 1st quarter. Cetera Investment Advisers now owns 9,831 shares of the company’s stock valued at $575,000 after acquiring an additional 448 shares during the last quarter. Magellan Asset Management Ltd grew its holdings in shares of TXNM Energy by 75.3% in the 1st quarter. Magellan Asset Management Ltd now owns 111,395 shares of the company’s stock worth $6,512,000 after acquiring an additional 47,852 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of TXNM Energy by 3.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,368 shares of the company’s stock worth $372,000 after purchasing an additional 223 shares during the period. Meeder Advisory Services Inc. raised its position in shares of TXNM Energy by 32.6% during the first quarter. Meeder Advisory Services Inc. now owns 10,571 shares of the company’s stock worth $618,000 after purchasing an additional 2,598 shares during the period. Finally, KBC Group NV raised its position in shares of TXNM Energy by 25.6% during the first quarter. KBC Group NV now owns 3,049 shares of the company’s stock worth $178,000 after purchasing an additional 621 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXNM has been the subject of a number of recent analyst reports. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Trading Down 0.0%

Shares of NYSE TXNM opened at $58.28 on Friday. TXNM Energy, Inc. has a one year low of $55.64 and a one year high of $59.53. The firm has a market capitalization of $6.45 billion, a PE ratio of 41.93, a PEG ratio of 2.51 and a beta of 0.17. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46. The business has a 50-day moving average price of $57.89 and a two-hundred day moving average price of $58.59.

TXNM Energy (NYSE:TXNM) last issued its 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 business had revenue of $504.98 million during the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. TXNM Energy’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. As a group, analysts predict that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 3rd will be given a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s payout ratio is presently 121.58%.

TXNM Energy Company 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.