Mutual of America Capital Management LLC Sells 345 Shares of TXNM Energy, Inc. $TXNM

Mutual of America Capital Management LLC cut its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 0.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,079 shares of the company’s stock after selling 345 shares during the quarter. Mutual of America Capital Management LLC’s holdings in TXNM Energy were worth $2,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TXNM. Spirit of America Management Corp NY lifted its holdings in 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 worth $315,000 after purchasing an additional 400 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in 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 worth $4,947,000 after purchasing an additional 300 shares in the last quarter. Credit Industriel ET Commercial purchased a new position in TXNM Energy in the 2nd quarter worth approximately $676,000. Vanguard Personalized Indexing Management LLC lifted its holdings in TXNM Energy by 13.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,920 shares of the company’s stock worth $615,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in TXNM Energy by 5.0% in the 2nd quarter. Inspire Investing LLC now owns 10,128 shares of the company’s stock worth $570,000 after purchasing an additional 481 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TXNM Energy Stock Performance

NYSE:TXNM opened at $56.78 on Friday. The stock’s fifty day moving average is $56.78 and its 200 day moving average is $55.86. The firm has a market capitalization of $5.98 billion, a PE ratio of 29.27, a PEG ratio of 2.70 and a beta of 0.06. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51. TXNM Energy, Inc. has a fifty-two week low of $42.09 and a fifty-two week high of $57.42.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data 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%. On average, sell-side analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The firm also recently disclosed 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 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.