Securian Asset Management Inc. Boosts Holdings in TXNM Energy, Inc. $TXNM

Securian Asset Management Inc. grew its position in TXNM Energy, Inc. (NYSE:TXNM) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,056 shares of the company’s stock after buying an additional 238 shares during the period. Securian Asset Management Inc.’s holdings in TXNM Energy were worth $397,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Spirit of America Management Corp NY grew its stake in shares of TXNM Energy by 7.7% in the 2nd quarter. Spirit of America Management Corp NY now owns 5,600 shares of the company’s stock valued at $315,000 after buying an additional 400 shares during the period. New York State Teachers Retirement System grew its stake in shares of TXNM Energy by 0.3% in the 2nd quarter. New York State Teachers Retirement System now owns 87,839 shares of the company’s stock valued at $4,947,000 after buying an additional 300 shares during the period. Credit Industriel ET Commercial purchased a new stake in shares of TXNM Energy in the 2nd quarter valued at approximately $676,000. Vanguard Personalized Indexing Management LLC grew its stake in shares of TXNM Energy by 13.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,920 shares of the company’s stock valued at $615,000 after buying an additional 1,312 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of TXNM Energy by 5.0% in the 2nd quarter. Inspire Investing LLC now owns 10,128 shares of the company’s stock valued at $570,000 after buying an additional 481 shares during the period. Hedge funds and other institutional investors own 91.68% of the company’s stock.

TXNM Energy Stock Performance

Shares of TXNM stock opened at $56.78 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.49. TXNM Energy, Inc. has a 52 week low of $42.09 and a 52 week high of $57.42. The stock has a market capitalization of $5.98 billion, a PE ratio of 29.27, a P/E/G ratio of 2.70 and a beta of 0.06. The firm has a 50 day moving average of $56.78 and a two-hundred day moving average of $55.86.

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

TXNM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 24th will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 24th. TXNM Energy’s dividend payout ratio (DPR) is currently 84.02%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TXNM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a research report on Tuesday, October 14th. Citigroup began coverage on shares of TXNM Energy in a research report on Thursday, October 9th. They set a “neutral” rating and a $61.25 price objective for the company. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.04.

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.