Mint Tower Capital Management B.V. Acquires Shares of 50,000 TXNM Energy, Inc. $TXNM

Mint Tower Capital Management B.V. bought a new stake in TXNM Energy, Inc. (NYSE:TXNM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 50,000 shares of the company’s stock, valued at approximately $2,839,000.

Other large investors have also made changes to their positions in the company. Pentwater Capital Management LP bought a new position in TXNM Energy during the 2nd quarter valued at about $368,360,000. Balyasny Asset Management L.P. grew its stake in TXNM Energy by 344.9% during the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock worth $228,592,000 after buying an additional 3,133,794 shares during the last quarter. Norges Bank acquired a new stake in shares of TXNM Energy during the fourth quarter worth approximately $182,061,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of TXNM Energy by 420.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,657 shares of the company’s stock worth $88,839,000 after buying an additional 1,227,627 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of TXNM Energy by 19,952.4% in the third quarter. Citadel Advisors LLC now owns 1,007,033 shares of the company’s stock valued at $56,948,000 after acquiring an additional 1,002,011 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

TXNM has been the topic of several recent analyst reports. Weiss Ratings raised TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Trading Up 0.3%

TXNM opened at $57.66 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.44. The stock has a market capitalization of $5.94 billion, a PE ratio of 31.86, a PEG ratio of 2.48 and a beta of 0.17. TXNM Energy, Inc. has a 1-year low of $55.64 and a 1-year high of $59.53. The firm has a 50-day moving average price of $57.40 and a two-hundred day moving average price of $58.32.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. The company had revenue of $548.55 million for the quarter, compared to analyst estimates of $567.00 million. As a group, equities analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Cuts Dividend

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

TXNM Energy Company 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.