59,168 Shares in TXNM Energy, Inc. $TXNM Acquired by Kintayl Capital LP

Kintayl Capital LP acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 59,168 shares of the company’s stock, valued at approximately $3,360,000. TXNM Energy comprises approximately 1.3% of Kintayl Capital LP’s investment portfolio, making the stock its 24th biggest holding. Kintayl Capital LP owned about 0.06% of TXNM Energy at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in TXNM Energy during the 4th quarter worth $27,000. EverSource Wealth Advisors LLC raised its position in shares of TXNM Energy by 17.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock valued at $73,000 after buying an additional 184 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of TXNM Energy by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock worth $74,000 after buying an additional 236 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of TXNM Energy in the fourth quarter worth about $74,000. Finally, Larson Financial Group LLC boosted its position in TXNM Energy by 81.8% during the third quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after acquiring an additional 623 shares during the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, TXNM Energy presently has an average rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Trading Up 0.4%

Shares of TXNM opened at $57.32 on Wednesday. The company has a current ratio of 0.56, a quick ratio of 0.39 and a debt-to-equity ratio of 1.44. TXNM Energy, Inc. has a 12-month low of $55.64 and a 12-month high of $59.53. The firm has a 50-day moving average price of $57.35 and a 200 day moving average price of $58.34. The firm has a market capitalization of $5.91 billion, a P/E ratio of 31.67, a P/E/G ratio of 2.46 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, July 31st. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The company had revenue of $548.55 million for the quarter, compared to the consensus estimate of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. Sell-side analysts forecast that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Monday, August 3rd were given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, August 3rd. TXNM Energy’s payout ratio is presently 93.37%.

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.