TXNM Energy, Inc. $TXNM Shares Sold by Vista Investment Partners LLC

Vista Investment Partners LLC reduced its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 48.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,449 shares of the company’s stock after selling 10,650 shares during the period. Vista Investment Partners LLC’s holdings in TXNM Energy were worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TXNM. Ameritas Advisory Services LLC purchased a new position in TXNM Energy in the 2nd quarter worth approximately $30,000. Integrated Wealth Concepts LLC purchased a new stake in shares of TXNM Energy in the second quarter valued at approximately $38,000. EverSource Wealth Advisors LLC increased its holdings in shares of TXNM Energy by 17.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock valued at $73,000 after purchasing an additional 184 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of TXNM Energy in the second quarter valued at approximately $85,000. Finally, Allworth Financial LP purchased a new position in TXNM Energy during the second quarter worth approximately $88,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TXNM Energy Trading Down 0.0%

TXNM traded down $0.03 during trading hours on Thursday, reaching $58.48. The company’s stock had a trading volume of 344,734 shares, compared to its average volume of 1,357,642. TXNM Energy, Inc. has a fifty-two week low of $55.64 and a fifty-two week high of $59.53. The stock has a market cap of $6.44 billion, a PE ratio of 32.31, a P/E/G ratio of 2.53 and a beta of 0.17. The business’s 50-day moving average is $57.91 and its 200-day moving average is $58.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.39.

TXNM Energy (NYSE:TXNM) last posted its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping 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 company had revenue of $548.55 million during the quarter, compared to analysts’ expectations of $567.00 million. As a group, equities research analysts predict that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be given a $0.4225 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s dividend payout ratio is presently 93.37%.

About TXNM Energy

TXNM Energy, Inc (NYSE: TXNM) is an electric utility holding company formerly known as PNM Resources, Inc Through its regulated utility subsidiaries, the company provides electricity generation, transmission, distribution and retail services to residential, commercial and industrial customers.

TXNM Energy’s principal subsidiaries are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM serves customers in New Mexico, including the Albuquerque area and other communities across the state, while TNMP operates an electric transmission and distribution network serving communities in Texas.

The company traces its history to the development of electric service in New Mexico and has expanded its operations through utility infrastructure and energy-generation investments.