TXNM Energy, Inc. $TXNM Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,570,550 shares of the company’s stock after purchasing an additional 161,141 shares during the period. Geode Capital Management LLC owned about 2.36% of TXNM Energy worth $151,378,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted 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 buying an additional 756 shares during the period. Jones Financial Companies Lllp boosted 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 buying an additional 1,102 shares during the period. Larson Financial Group LLC boosted its holdings in shares of TXNM Energy by 81.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock valued at $78,000 after buying an additional 623 shares during the period. Farther Finance Advisors LLC boosted its holdings 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 buying an additional 268 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of TXNM Energy by 215.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after buying an additional 1,043 shares during the period. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Up 0.5%

NYSE TXNM opened at $59.31 on Friday. TXNM Energy, Inc. has a one year low of $56.17 and a one year high of $59.53. The company has a 50-day simple moving average of $59.07 and a 200-day simple moving average of $58.89. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55. The firm has a market capitalization of $6.57 billion, a PE ratio of 42.67, a price-to-earnings-growth ratio of 2.55 and a beta of 0.16.

TXNM Energy (NYSE:TXNM) last posted its earnings results on Friday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, equities analysts forecast that TXNM Energy, Inc. will post 3.07 earnings per share for the current year.

TXNM Energy Increases Dividend

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

Analyst Upgrades and Downgrades

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

TXNM Energy 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.