TXNM Energy, Inc. (TXNM) To Go Ex-Dividend on April 27th

TXNM Energy, Inc. (NYSE:TXNM) announced a quarterly dividend on Thursday, February 26th. Investors of record on Monday, April 27th will be paid a dividend of 0.4225 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, April 27th.

TXNM Energy has increased its dividend by an average of 0.1%annually over the last three years.

TXNM Energy Stock Performance

NYSE TXNM opened at $59.05 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.35. The stock has a market cap of $6.43 billion, a PE ratio of 34.53, a P/E/G ratio of 2.53 and a beta of 0.16. The stock has a fifty day simple moving average of $59.07 and a 200-day simple moving average of $57.89. TXNM Energy has a twelve month low of $47.21 and a twelve month high of $59.52.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.12). The company had revenue of $533.23 million for the quarter, compared to analysts’ expectations of $593.29 million. TXNM Energy had a return on equity of 7.20% and a net margin of 8.67%. Equities analysts anticipate that TXNM Energy will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC acquired a new stake in shares of TXNM Energy during the first quarter valued at about $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TXNM Energy by 12.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company’s stock valued at $15,902,000 after purchasing an additional 32,776 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of TXNM Energy by 99.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 24,932 shares of the company’s stock valued at $1,404,000 after buying an additional 12,405 shares during the last quarter. Jennison Associates LLC grew its position in shares of TXNM Energy by 234.1% during the second quarter. Jennison Associates LLC now owns 40,253 shares of the company’s stock worth $2,267,000 after buying an additional 28,204 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in shares of TXNM Energy by 1.4% in the second quarter. Retirement Systems of Alabama now owns 247,751 shares of the company’s stock worth $13,953,000 after buying an additional 3,466 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

About TXNM Energy

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.