New York State Teachers Retirement System Buys 300 Shares of TXNM Energy, Inc. $TXNM

New York State Teachers Retirement System lifted its stake in TXNM Energy, Inc. (NYSE:TXNM) by 0.3% during the 2nd quarter, Holdings Channel reports. The firm owned 87,839 shares of the company’s stock after acquiring an additional 300 shares during the period. New York State Teachers Retirement System’s holdings in TXNM Energy were worth $4,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Parallel Advisors LLC boosted its position in shares of TXNM Energy by 15.9% in the 2nd quarter. Parallel Advisors LLC now owns 1,331 shares of the company’s stock worth $75,000 after purchasing an additional 183 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of TXNM Energy by 4.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 6,630 shares of the company’s stock worth $373,000 after purchasing an additional 266 shares during the last quarter. Federated Hermes Inc. boosted its position in shares of TXNM Energy by 4.9% in the 1st quarter. Federated Hermes Inc. now owns 6,115 shares of the company’s stock worth $327,000 after purchasing an additional 285 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of TXNM Energy by 6.0% in the 1st quarter. Baird Financial Group Inc. now owns 5,095 shares of the company’s stock worth $272,000 after purchasing an additional 287 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new position in shares of TXNM Energy in the 1st quarter worth $25,000. 91.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a research report on Tuesday, October 14th. Citigroup assumed coverage on TXNM Energy in a report on Thursday, October 9th. They set a “neutral” rating and a $61.25 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.04.

TXNM Energy Stock Performance

TXNM stock opened at $57.07 on Tuesday. The firm has a market cap of $6.01 billion, a PE ratio of 29.41, a P/E/G ratio of 2.70 and a beta of 0.06. The business’s 50-day moving average price is $56.78 and its two-hundred day moving average price is $55.74. TXNM Energy, Inc. has a 1-year low of $42.09 and a 1-year high of $57.42. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings results on Thursday, February 3rd. The company reported $0.15 EPS for the quarter. The company had revenue of ($1,163.74) million for the quarter. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. As a group, research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 24th will be issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 24th. TXNM Energy’s payout ratio is 84.02%.

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.