Quantinno Capital Management LP Purchases 47,313 Shares of TXNM Energy, Inc. $TXNM

Quantinno Capital Management LP lifted its stake in TXNM Energy, Inc. (NYSE:TXNM) by 240.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,016 shares of the company’s stock after purchasing an additional 47,313 shares during the period. Quantinno Capital Management LP owned 0.06% of TXNM Energy worth $3,918,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TXNM. Los Angeles Capital Management LLC purchased a new stake in TXNM Energy in the 4th quarter worth approximately $27,000. Smartleaf Asset Management LLC increased its stake in shares of TXNM Energy by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock worth $74,000 after purchasing an additional 236 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at $74,000. 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 valued at $78,000 after buying an additional 623 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in TXNM Energy by 22.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock worth $86,000 after buying an additional 268 shares during the period. 91.68% of the stock is owned by institutional investors.

TXNM Energy Stock Up 0.2%

NYSE TXNM opened at $57.60 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.36 and a current ratio of 0.56. The company has a market capitalization of $5.94 billion, a P/E ratio of 31.82, a P/E/G ratio of 2.48 and a beta of 0.17. TXNM Energy, Inc. has a one year low of $55.64 and a one year high of $59.53. The stock has a 50 day moving average price of $57.54 and a 200-day moving average price of $58.50.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $548.55 million for the quarter, compared to analysts’ expectations of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. As a group, equities analysts predict that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be given 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 is Monday, August 3rd. TXNM Energy’s payout ratio is 93.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, TXNM Energy has an average rating of “Hold” and a consensus target price of $61.25.

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.