TXNM Energy, Inc. $TXNM Shares Sold by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. lowered its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 41.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,000 shares of the company’s stock after selling 25,095 shares during the quarter. Mint Tower Capital Management B.V.’s holdings in TXNM Energy were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TXNM. Empowered Funds LLC acquired a new position in shares of TXNM Energy during the first quarter valued at about $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TXNM Energy by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company’s stock valued at $15,902,000 after acquiring an additional 32,776 shares in the last quarter. M&T Bank Corp increased its holdings in shares of TXNM Energy by 29.4% during the second quarter. M&T Bank Corp now owns 6,271 shares of the company’s stock valued at $353,000 after acquiring an additional 1,426 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of TXNM Energy by 215.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after acquiring an additional 1,043 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of TXNM Energy by 323.5% during the second quarter. Marshall Wace LLP now owns 126,600 shares of the company’s stock valued at $7,130,000 after acquiring an additional 96,708 shares in the last quarter. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TXNM. Wall Street Zen downgraded TXNM Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of TXNM Energy in a research report on Friday, May 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, TXNM Energy presently has an average rating of “Hold” and an average price target of $61.25.

TXNM Energy Price Performance

Shares of NYSE:TXNM opened at $57.20 on Friday. TXNM Energy, Inc. has a twelve month low of $56.17 and a twelve month high of $59.53. The company’s 50 day moving average is $59.03 and its 200 day moving average is $58.89. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46. The company has a market cap of $6.33 billion, a PE ratio of 41.15, a price-to-earnings-growth ratio of 2.48 and a beta of 0.16.

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

TXNM Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $1.145 dividend. This is a boost from TXNM Energy’s previous quarterly dividend of $0.42. The ex-dividend date is Tuesday, June 30th. This represents a $4.58 annualized dividend and a yield of 8.0%. TXNM Energy’s dividend payout ratio is currently 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.