Lighthouse Investment Partners LLC Has $4.48 Million Holdings in TXNM Energy, Inc. $TXNM

Lighthouse Investment Partners LLC increased its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 34.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 79,183 shares of the company’s stock after acquiring an additional 20,235 shares during the quarter. Lighthouse Investment Partners LLC’s holdings in TXNM Energy were worth $4,478,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in TXNM Energy by 19,952.4% in the 3rd quarter. Citadel Advisors LLC now owns 1,007,033 shares of the company’s stock valued at $56,948,000 after buying an additional 1,002,011 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of TXNM Energy during the 3rd quarter worth approximately $3,300,000. Centiva Capital LP lifted its holdings in shares of TXNM Energy by 6.5% during the 3rd quarter. Centiva Capital LP now owns 225,000 shares of the company’s stock worth $12,724,000 after acquiring an additional 13,780 shares during the period. Angelo Gordon & CO. L.P. acquired a new stake in shares of TXNM Energy during the 3rd quarter worth approximately $5,694,000. Finally, Schonfeld Strategic Advisors LLC increased its stake in TXNM Energy by 460.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 197,763 shares of the company’s stock valued at $11,183,000 after acquiring an additional 162,463 shares during the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TXNM. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. One 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.88.

TXNM Energy Trading Down 0.6%

NYSE TXNM opened at $58.53 on Tuesday. The company has a quick ratio of 0.38, a current ratio of 0.55 and a debt-to-equity ratio of 1.48. TXNM Energy, Inc. has a twelve month low of $47.69 and a twelve month high of $59.52. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. The business’s fifty day moving average is $59.05 and its 200 day moving average is $58.07.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, February 27th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). The firm had revenue of $533.23 million during the quarter, compared to analyst estimates of $593.29 million. TXNM Energy had a return on equity of 7.54% and a net margin of 7.27%.During the same period in the previous year, the company earned $0.30 EPS. As a group, sell-side analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 27th will be 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 is Monday, April 27th. TXNM Energy’s payout ratio is 115.75%.

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.