Magnetar Financial LLC Has $95.53 Million Stock Position in TXNM Energy, Inc. $TXNM

Magnetar Financial LLC reduced its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 80.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,689,221 shares of the company’s stock after selling 6,960,861 shares during the quarter. TXNM Energy makes up 0.6% of Magnetar Financial LLC’s holdings, making the stock its 7th largest position. Magnetar Financial LLC owned 1.55% of TXNM Energy worth $95,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in TXNM Energy by 1.8% in the third quarter. Legal & General Group Plc now owns 536,092 shares of the company’s stock worth $30,316,000 after purchasing an additional 9,277 shares in the last quarter. Swiss National Bank lifted its position in shares of TXNM Energy by 3.8% during the third quarter. Swiss National Bank now owns 183,800 shares of the company’s stock valued at $10,394,000 after buying an additional 6,800 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of TXNM Energy by 1.8% in the 3rd quarter. WINTON GROUP Ltd now owns 238,050 shares of the company’s stock valued at $13,462,000 after buying an additional 4,274 shares in the last quarter. DLD Asset Management LP boosted its holdings in shares of TXNM Energy by 2.2% in the 3rd quarter. DLD Asset Management LP now owns 72,142 shares of the company’s stock valued at $4,080,000 after buying an additional 1,547 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of TXNM Energy by 305.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 87,521 shares of the company’s stock worth $4,949,000 after buying an additional 65,934 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Up 0.0%

TXNM Energy stock opened at $58.85 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55. The stock has a market cap of $6.41 billion, a PE ratio of 40.30, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. The stock has a 50-day moving average of $59.08 and a two-hundred day moving average of $58.01. TXNM Energy, Inc. has a one year low of $47.69 and a one year high of $59.52.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). The business 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 7.54% and a net margin of 7.27%.During the same quarter in the previous year, the firm posted $0.30 EPS. On average, research analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS 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. Shareholders of record on Monday, April 27th will be paid a dividend of $0.4225 per share. The ex-dividend date is Monday, April 27th. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s dividend payout ratio is presently 115.75%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.88.

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.