TXNM Energy, Inc. $TXNM Shares Purchased by Magnetar Financial LLC

Magnetar Financial LLC lifted its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 0.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,698,961 shares of the company’s stock after acquiring an additional 9,740 shares during the period. TXNM Energy makes up 1.0% of Magnetar Financial LLC’s holdings, making the stock its 4th biggest holding. Magnetar Financial LLC’s holdings in TXNM Energy were worth $100,035,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Los Angeles Capital Management LLC acquired a new position in TXNM Energy during the 4th quarter valued at about $27,000. Smartleaf Asset Management LLC lifted its holdings in shares of TXNM Energy by 280.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after purchasing an additional 756 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of TXNM Energy by 574.0% in the third quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after purchasing an additional 1,102 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of TXNM Energy during the fourth quarter valued at approximately $74,000. Finally, Larson Financial Group LLC grew 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 buying an additional 623 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXNM has been the subject of a number of analyst reports. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TXNM Energy in a report on Friday, May 29th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Trading Down 0.3%

NYSE:TXNM opened at $56.88 on Wednesday. TXNM Energy, Inc. has a 52 week low of $56.17 and a 52 week high of $59.53. The firm has a 50-day moving average price of $58.92 and a two-hundred day moving average price of $58.87. 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 $6.30 billion, a price-to-earnings ratio of 40.92, a price-to-earnings-growth ratio of 2.46 and a beta of 0.16.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The business had revenue of $504.98 million during the quarter, compared to analysts’ expectations of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.TXNM Energy’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, equities analysts expect that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Increases Dividend

The firm also recently disclosed 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 is an increase from TXNM Energy’s previous quarterly dividend of $0.42. This represents a $4.58 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, June 30th. TXNM Energy’s payout ratio is presently 121.58%.

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.