TXNM Energy, Inc. $TXNM Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,570,550 shares of the company’s stock after purchasing an additional 161,141 shares during the period. Geode Capital Management LLC’s holdings in TXNM Energy were worth $151,378,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in TXNM Energy by 280.0% during the 3rd 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 during the period. Jones Financial Companies Lllp boosted its stake in 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 purchasing an additional 1,102 shares during the period. Larson Financial Group LLC boosted its stake in TXNM Energy by 81.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock valued at $78,000 after purchasing an additional 623 shares during the period. Farther Finance Advisors LLC boosted its stake in TXNM Energy by 22.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock valued at $86,000 after purchasing an additional 268 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 1,043 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

TXNM Energy Trading Up 0.5%

Shares of NYSE:TXNM opened at $59.31 on Friday. The company has a 50 day moving average of $59.07 and a 200-day moving average of $58.89. The firm has a market cap of $6.57 billion, a P/E ratio of 42.67, a P/E/G ratio of 2.55 and a beta of 0.16. TXNM Energy, Inc. has a twelve month low of $56.17 and a twelve month high of $59.53. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46.

TXNM Energy (NYSE:TXNM) last issued its quarterly 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 company had revenue of $504.98 million during the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The company’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $1.145 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.58 dividend on an annualized basis and a dividend yield of 7.7%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.42. TXNM Energy’s dividend payout ratio (DPR) is currently 121.58%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TXNM shares. Wall Street Zen lowered shares of TXNM Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.25.

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.