TXNM Energy, Inc. $TXNM Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 11.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 288,658 shares of the company’s stock after acquiring an additional 30,535 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.27% of TXNM Energy worth $16,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of TXNM Energy by 3.3% in the 2nd quarter. Federated Hermes Inc. now owns 6,314 shares of the company’s stock valued at $356,000 after purchasing an additional 199 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of TXNM Energy by 22.5% in 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 in the last quarter. State of Michigan Retirement System raised its position in shares of TXNM Energy by 1.3% in the 3rd quarter. State of Michigan Retirement System now owns 22,589 shares of the company’s stock valued at $1,277,000 after purchasing an additional 300 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of TXNM Energy by 20.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,839 shares of the company’s stock valued at $104,000 after purchasing an additional 311 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of TXNM Energy by 12.3% in the 4th quarter. Signaturefd LLC now owns 3,063 shares of the company’s stock valued at $180,000 after purchasing an additional 336 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.25.

TXNM Energy Stock Performance

Shares of TXNM opened at $59.25 on Monday. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.46. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 2.55 and a beta of 0.16. TXNM Energy, Inc. has a 52-week low of $56.17 and a 52-week high of $59.53. The business’s 50 day moving average is $59.00 and its two-hundred day moving average is $58.84.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The firm had revenue of $504.98 million for the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The business’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. Analysts forecast that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $1.145 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.58 annualized dividend 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 is currently 121.58%.

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.