Squarepoint Ops LLC lifted its position in shares of TXNM Energy, Inc. (NYSE:TXNM – Free Report) by 15.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 430,937 shares of the company’s stock after purchasing an additional 57,055 shares during the quarter. Squarepoint Ops LLC’s holdings in TXNM Energy were worth $24,469,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Governors Lane LP raised its stake in TXNM Energy by 142.8% during the 2nd quarter. Governors Lane LP now owns 1,079,170 shares of the company’s stock worth $61,275,000 after buying an additional 634,756 shares during the period. Corient Private Wealth LP grew its stake in TXNM Energy by 8.3% in the second quarter. Corient Private Wealth LP now owns 36,047 shares of the company’s stock valued at $2,047,000 after acquiring an additional 2,762 shares during the period. Amundi increased its holdings in shares of TXNM Energy by 1,911.2% in the second quarter. Amundi now owns 132,319 shares of the company’s stock worth $7,513,000 after acquiring an additional 125,740 shares in the last quarter. Groupe la Francaise increased its holdings in shares of TXNM Energy by 9.7% in the second quarter. Groupe la Francaise now owns 341,953 shares of the company’s stock worth $19,416,000 after acquiring an additional 30,121 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of TXNM Energy by 5,416.3% in the second quarter. California State Teachers Retirement System now owns 6,484,901 shares of the company’s stock worth $368,213,000 after acquiring an additional 6,367,343 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, TXNM Energy currently has an average rating of “Hold” and an average price target of $61.25.
TXNM Energy Price Performance
Shares of NYSE TXNM opened at $58.16 on Wednesday. The firm has a market cap of $6.40 billion, a PE ratio of 32.13, a PEG ratio of 2.53 and a beta of 0.17. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.44. TXNM Energy, Inc. has a 1-year low of $55.64 and a 1-year high of $59.53. The company has a fifty day moving average price of $57.51 and a 200 day moving average price of $58.25.
TXNM Energy (NYSE:TXNM – Get Free Report) last released its quarterly earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The firm had revenue of $548.55 million for the quarter, compared to the consensus estimate of $567.00 million. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%. Research analysts predict that TXNM Energy, Inc. will post 3.03 earnings per share for the current fiscal year.
TXNM Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Monday, August 3rd were issued a dividend of $0.4225 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is presently 93.37%.
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.
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