Gamco Investors INC. ET AL Sells 12,570 Shares of TXNM Energy, Inc. $TXNM

Gamco Investors INC. ET AL decreased its stake in TXNM Energy, Inc. (NYSE:TXNM) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 803,660 shares of the company’s stock after selling 12,570 shares during the quarter. Gamco Investors INC. ET AL owned 0.74% of TXNM Energy worth $45,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXNM. Principal Financial Group Inc. raised its position in shares of TXNM Energy by 55.4% in the 3rd quarter. Principal Financial Group Inc. now owns 330,336 shares of the company’s stock valued at $18,681,000 after acquiring an additional 117,765 shares during the period. AlphaQuest LLC bought a new position in TXNM Energy during the 3rd quarter worth approximately $2,880,000. Truist Financial Corp acquired a new position in TXNM Energy during the third quarter valued at approximately $4,378,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in TXNM Energy during the second quarter valued at approximately $6,974,000. Finally, New York State Common Retirement Fund increased its stake in TXNM Energy by 60.3% in the third quarter. New York State Common Retirement Fund now owns 47,682 shares of the company’s stock valued at $2,696,000 after purchasing an additional 17,941 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.1%

NYSE TXNM opened at $58.91 on Friday. TXNM Energy, Inc. has a one year low of $47.21 and a one year high of $59.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.55 and a quick ratio of 0.36. The firm has a market cap of $6.42 billion, a P/E ratio of 40.35, a P/E/G ratio of 2.52 and a beta of 0.17. The stock’s 50-day moving average is $59.08 and its 200-day moving average is $57.96.

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

TXNM Energy Announces Dividend

The business 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 $0.4225 dividend. 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 dividend payout ratio is 115.75%.

Wall Street Analysts Forecast Growth

TXNM has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.30.

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.