TXNM Energy, Inc. $TXNM Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its stake in TXNM Energy, Inc. (NYSE:TXNM) by 1.4% in the second quarter, Holdings Channel reports. The fund owned 244,027 shares of the company’s stock after buying an additional 3,467 shares during the quarter. Loomis Sayles & Co. L P’s holdings in TXNM Energy were worth $13,744,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Huntington National Bank lifted its position in shares of TXNM Energy by 1,307.0% during the second quarter. Huntington National Bank now owns 605 shares of the company’s stock worth $34,000 after purchasing an additional 562 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in TXNM Energy during the 1st quarter worth $43,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in TXNM Energy in the 1st quarter worth $54,000. Twin Tree Management LP acquired a new position in TXNM Energy in the 1st quarter worth $58,000. Finally, MorganRosel Wealth Management LLC purchased a new position in TXNM Energy in the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Insiders Place Their Bets

In other TXNM Energy news, Director Vicky A. Bailey sold 1,800 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $57.74, for a total transaction of $103,932.00. Following the sale, the director directly owned 8,725 shares of the company’s stock, valued at approximately $503,781.50. This represents a 17.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.28% of the stock is currently owned by insiders.

TXNM Energy Stock Up 0.5%

NYSE:TXNM opened at $58.45 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51. The company has a market capitalization of $6.37 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 2.69 and a beta of 0.13. TXNM Energy, Inc. has a one year low of $45.71 and a one year high of $58.45. The stock has a 50-day simple moving average of $57.18 and a 200 day simple moving average of $56.80.

TXNM Energy (NYSE:TXNM) last announced its quarterly earnings data on Friday, October 31st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.11). The firm had revenue of $647.16 million for the quarter, compared to analyst estimates of $608.65 million. TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. During the same quarter in the previous year, the company earned $1.43 EPS. Sell-side analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 24th were issued a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, October 24th. TXNM Energy’s payout ratio is currently 95.32%.

Analyst Upgrades and Downgrades

TXNM has been the topic of a number of analyst reports. Jefferies Financial Group lowered TXNM Energy from a “buy” rating to a “hold” rating and lifted their target price for the stock from $58.00 to $61.25 in a research report on Monday, October 27th. Weiss Ratings lowered TXNM Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 24th. Finally, Citigroup assumed 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. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $58.42.

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.