Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in TXNM Energy, Inc. $TXNM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 278,275 shares of the company’s stock after selling 10,383 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.25% of TXNM Energy worth $16,268,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TXNM. Los Angeles Capital Management LLC purchased a new stake in shares of TXNM Energy in the fourth quarter worth $27,000. Smartleaf Asset Management LLC lifted its stake in shares of TXNM Energy by 23.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock valued at $74,000 after buying an additional 236 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of TXNM Energy during the 4th quarter valued at $74,000. Larson Financial Group LLC boosted its holdings in TXNM Energy by 81.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after buying an additional 623 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in TXNM Energy by 22.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock worth $86,000 after buying an additional 268 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

TXNM has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Wall Street Zen downgraded TXNM Energy from a “hold” rating to a “sell” rating in a research report on Sunday, July 5th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $61.25.

TXNM Energy Stock Performance

TXNM opened at $56.80 on Monday. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 40.86, a PEG ratio of 2.45 and a beta of 0.17. The company has a fifty day moving average of $58.17 and a 200 day moving average of $58.67. TXNM Energy, Inc. has a fifty-two week low of $55.64 and a fifty-two week high of $59.53. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55.

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

TXNM Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $1.145 dividend. This is an increase from TXNM Energy’s previous quarterly dividend of $0.42. This represents a $4.58 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, June 30th. TXNM Energy’s dividend payout ratio (DPR) is presently 121.58%.

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.