TXNM Energy, Inc. $TXNM Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 7.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 363,564 shares of the company’s stock after selling 31,005 shares during the quarter. Aberdeen Group plc’s holdings in TXNM Energy were worth $21,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Cape Investment Advisory Inc. purchased a new stake in TXNM Energy during the 2nd quarter worth about $28,000. Smartleaf Asset Management LLC increased its holdings in shares of TXNM Energy by 280.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after acquiring an additional 756 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of TXNM Energy by 574.0% in 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. Larson Financial Group LLC raised its position in shares of TXNM Energy by 81.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after acquiring an additional 623 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised 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 worth $86,000 after acquiring an additional 1,043 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TXNM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.88.

TXNM Energy Stock Up 0.0%

TXNM opened at $58.86 on Monday. TXNM Energy, Inc. has a one year low of $47.69 and a one year high of $59.52. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55. The stock has a market capitalization of $6.41 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. The business’s 50-day simple moving average is $58.87 and its 200-day simple moving average is $58.23.

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

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 27th will be issued 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 is Monday, April 27th. TXNM Energy’s dividend payout ratio is presently 115.75%.

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.