WINTON GROUP Ltd cut its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM – Free Report) by 95.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the company’s stock after selling 228,050 shares during the quarter. WINTON GROUP Ltd’s holdings in TXNM Energy were worth $589,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TXNM. Parallel Advisors LLC raised its stake in shares of TXNM Energy by 399.7% in the fourth quarter. Parallel Advisors LLC now owns 7,160 shares of the company’s stock valued at $422,000 after purchasing an additional 5,727 shares in the last quarter. Vise Technologies Inc. acquired a new position in shares of TXNM Energy in the fourth quarter valued at $442,000. Magellan Asset Management Ltd raised its stake in shares of TXNM Energy by 4.4% in the fourth quarter. Magellan Asset Management Ltd now owns 63,543 shares of the company’s stock valued at $3,741,000 after purchasing an additional 2,679 shares in the last quarter. Lido Advisors LLC raised its stake in shares of TXNM Energy by 16.4% in the fourth quarter. Lido Advisors LLC now owns 5,913 shares of the company’s stock valued at $336,000 after purchasing an additional 833 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of TXNM Energy by 53.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,931,107 shares of the company’s stock valued at $113,704,000 after purchasing an additional 668,929 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.25.
TXNM Energy Price Performance
Shares of TXNM stock opened at $57.52 on Thursday. The stock’s fifty day moving average is $59.06 and its 200-day moving average is $58.90. 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 stock has a market capitalization of $6.37 billion, a PE ratio of 41.38, a PEG ratio of 2.49 and a beta of 0.16. TXNM Energy, Inc. has a 52 week low of $56.17 and a 52 week high of $59.53.
TXNM Energy (NYSE:TXNM – Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The firm had revenue of $504.98 million for the quarter, compared to analyst estimates of $506.24 million. During the same period last year, the company earned $0.19 EPS. The company’s revenue was up 4.6% compared to the same quarter last year. Equities research analysts expect that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.
TXNM Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $1.145 per share. 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 8.0%. The ex-dividend date of this dividend is Tuesday, June 30th. TXNM Energy’s payout ratio is 121.58%.
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. 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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