Vista Investment Partners LLC Sells 10,650 Shares of TXNM Energy, Inc. $TXNM

Vista Investment Partners LLC lessened its stake in TXNM Energy, Inc. (NYSE:TXNM) by 48.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,449 shares of the company’s stock after selling 10,650 shares during the quarter. Vista Investment Partners LLC’s holdings in TXNM Energy were worth $668,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pentwater Capital Management LP acquired a new position in TXNM Energy in the second quarter valued at approximately $368,360,000. Magnetar Financial LLC lifted its stake in shares of TXNM Energy by 0.6% in the 4th quarter. Magnetar Financial LLC now owns 1,698,961 shares of the company’s stock valued at $100,035,000 after purchasing an additional 9,740 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of TXNM Energy by 420.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,657 shares of the company’s stock valued at $88,839,000 after purchasing an additional 1,227,627 shares during the period. Governors Lane LP boosted its holdings in TXNM Energy by 142.8% during the second quarter. Governors Lane LP now owns 1,079,170 shares of the company’s stock worth $61,275,000 after buying an additional 634,756 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in TXNM Energy by 2.1% during the first quarter. Gabelli Funds LLC now owns 893,714 shares of the company’s stock valued at $52,247,000 after buying an additional 18,550 shares during the period. 91.68% of the stock is owned by institutional investors and hedge funds.

TXNM Energy Price Performance

NYSE TXNM traded down $0.03 on Thursday, hitting $58.48. The company had a trading volume of 344,734 shares, compared to its average volume of 1,357,642. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.39. The company’s fifty day moving average price is $57.91 and its 200-day moving average price is $58.17. The company has a market capitalization of $6.44 billion, a PE ratio of 32.31, a PEG ratio of 2.53 and a beta of 0.17. TXNM Energy, Inc. has a 12-month low of $55.64 and a 12-month high of $59.53.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. The business had revenue of $548.55 million for the quarter, compared to analyst estimates of $567.00 million. As a group, analysts predict that TXNM Energy, Inc. will post 3.07 earnings per share for the current year.

TXNM Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be issued a dividend of $0.4225 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio is presently 93.37%.

Analyst Ratings Changes

A number of research analysts have weighed in on TXNM shares. Weiss Ratings upgraded shares of TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, TXNM Energy has a consensus rating of “Hold” and a consensus price target of $61.25.

TXNM Energy Company Profile

TXNM Energy, Inc (NYSE: TXNM) is an electric utility holding company formerly known as PNM Resources, Inc Through its regulated utility subsidiaries, the company provides electricity generation, transmission, distribution and retail services to residential, commercial and industrial customers.

TXNM Energy’s principal subsidiaries are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP). PNM serves customers in New Mexico, including the Albuquerque area and other communities across the state, while TNMP operates an electric transmission and distribution network serving communities in Texas.

The company traces its history to the development of electric service in New Mexico and has expanded its operations through utility infrastructure and energy-generation investments.