Kintayl Capital LP Invests $3.36 Million in TXNM Energy, Inc. $TXNM

Kintayl Capital LP purchased a new position in shares of TXNM Energy, Inc. (NYSE:TXNM) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 59,168 shares of the company’s stock, valued at approximately $3,360,000. TXNM Energy accounts for 1.3% of Kintayl Capital LP’s holdings, making the stock its 24th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new position in TXNM Energy during the 4th quarter valued at about $27,000. Kestra Advisory Services LLC acquired a new position in TXNM Energy in the 4th quarter valued at about $74,000. EverSource Wealth Advisors LLC increased its stake in TXNM Energy by 17.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock worth $73,000 after purchasing an additional 184 shares during the period. Smartleaf Asset Management LLC increased its stake in TXNM Energy by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock worth $74,000 after purchasing an additional 236 shares during the period. Finally, Larson Financial Group LLC lifted its position in shares of 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. Hedge funds and other institutional investors own 91.68% of the company’s stock.

TXNM Energy Price Performance

Shares of NYSE TXNM opened at $57.32 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.39. The company has a market cap of $5.91 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 2.46 and a beta of 0.17. The stock’s 50-day moving average is $57.35 and its two-hundred day moving average is $58.34. TXNM Energy, Inc. has a 1-year low of $55.64 and a 1-year high of $59.53.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%.The business had revenue of $548.55 million during the quarter, compared to analysts’ expectations of $567.00 million. Analysts forecast that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were paid a $0.4225 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s payout ratio is currently 93.37%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.