TXNM Energy, Inc. $TXNM Position Reduced by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. decreased its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,477,663 shares of the company’s stock after selling 73,735 shares during the period. TXNM Energy accounts for about 2.6% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 14th largest holding. Reaves W H & Co. Inc. owned 2.27% of TXNM Energy worth $145,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXNM. Smartleaf Asset Management LLC raised its holdings in TXNM Energy by 280.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock worth $58,000 after purchasing an additional 756 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in TXNM Energy by 574.0% during the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock worth $73,000 after purchasing an additional 1,102 shares in the last quarter. Larson Financial Group LLC raised its holdings in TXNM Energy by 81.8% during the third quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after purchasing an additional 623 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in 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 in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in TXNM Energy by 215.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock worth $86,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Up 0.1%

TXNM Energy stock opened at $59.25 on Monday. 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 firm has a market cap of $6.56 billion, a price-to-earnings ratio of 42.62, a price-to-earnings-growth ratio of 2.55 and a beta of 0.16. TXNM Energy, Inc. has a 1 year low of $56.17 and a 1 year high of $59.53. The firm’s 50 day moving average price is $59.00 and its two-hundred day moving average price is $58.84.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings results 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 business had revenue of $504.98 million during the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. On average, research analysts predict that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $1.145 dividend. This represents a $4.58 annualized dividend and a yield of 7.7%. This is a positive change from TXNM Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, June 30th. TXNM Energy’s dividend payout ratio (DPR) is presently 121.58%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of TXNM Energy in a report on Friday. Wall Street Zen cut TXNM Energy from a “hold” rating to a “sell” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.