TXNM Energy, Inc. $TXNM Shares Sold by Savant Capital LLC

Savant Capital LLC cut its position in TXNM Energy, Inc. (NYSE:TXNM) by 62.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,394 shares of the company’s stock after selling 10,694 shares during the period. Savant Capital LLC’s holdings in TXNM Energy were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of TXNM Energy by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 11,899,308 shares of the company’s stock worth $700,631,000 after acquiring an additional 330,382 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of TXNM Energy by 344.9% in the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock worth $228,592,000 after acquiring an additional 3,133,794 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of TXNM Energy by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 2,570,550 shares of the company’s stock worth $151,378,000 after acquiring an additional 161,141 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of TXNM Energy by 83.1% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock worth $99,279,000 after acquiring an additional 800,258 shares during the last quarter. Finally, Sona Asset Management US LLC boosted its stake in shares of TXNM Energy by 79.8% in the third quarter. Sona Asset Management US LLC now owns 1,663,830 shares of the company’s stock worth $94,090,000 after acquiring an additional 738,631 shares during the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXNM. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Stock Performance

NYSE TXNM opened at $59.30 on Friday. The stock’s fifty day moving average is $59.09 and its two-hundred day moving average is $58.89. The firm has a market capitalization of $6.57 billion, a P/E ratio of 42.66, a price-to-earnings-growth ratio of 2.56 and a beta of 0.16. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55. TXNM Energy, Inc. has a fifty-two week low of $56.17 and a fifty-two week high of $59.53.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The company had revenue of $504.98 million for the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The business’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.19 EPS. On average, research analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current year.

TXNM Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $1.145 per share. This represents a $4.58 dividend on an annualized basis and a yield of 7.7%. This is an increase from TXNM Energy’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Tuesday, June 30th. TXNM Energy’s dividend payout ratio is presently 121.58%.

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.