TXNM Energy, Inc. $TXNM Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC increased its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 18.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 855,464 shares of the company’s stock after buying an additional 132,491 shares during the quarter. Gabelli Funds LLC owned about 0.79% of TXNM Energy worth $48,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. purchased a new stake in TXNM Energy in the 2nd quarter valued at $28,000. Huntington National Bank raised its holdings in shares of TXNM Energy by 1,307.0% during the 2nd quarter. Huntington National Bank now owns 605 shares of the company’s stock worth $34,000 after acquiring an additional 562 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of TXNM Energy by 280.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock worth $58,000 after acquiring an additional 756 shares during the period. Jones Financial Companies Lllp boosted its position in shares of TXNM Energy by 574.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after acquiring an additional 1,102 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of TXNM Energy by 215.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after acquiring an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Price Performance

TXNM stock opened at $58.91 on Friday. TXNM Energy, Inc. has a 52-week low of $47.21 and a 52-week high of $59.52. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. The business has a fifty day moving average of $59.08 and a two-hundred day moving average of $57.96.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings results on Friday, February 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.12). TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. The business had revenue of $533.23 million during the quarter, compared to analyst estimates of $593.29 million. During the same period last year, the company earned $0.30 EPS. As a group, research analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 27th will be issued a $0.4225 dividend. This represents a $1.69 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, April 27th. TXNM Energy’s payout ratio is 115.75%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TXNM. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $59.30.

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.