TXNM Energy, Inc. $TXNM Stock: Chicago Partners Investment Group LLC Raises Position

Chicago Partners Investment Group LLC grew its position in TXNM Energy, Inc. (NYSE:TXNM) by 355.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,538 shares of the company’s stock after acquiring an additional 23,049 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in TXNM Energy were worth $1,721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in shares of TXNM Energy by 4.9% during the 1st quarter. Public Employees Retirement System of Ohio now owns 3,787 shares of the company’s stock valued at $221,000 after buying an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of TXNM Energy by 17.1% in the 1st 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 in the last quarter. WINTON GROUP Ltd increased its holdings in TXNM Energy by 5.3% in the second quarter. WINTON GROUP Ltd now owns 4,000 shares of the company’s stock worth $227,000 after buying an additional 200 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in TXNM Energy by 3.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,368 shares of the company’s stock worth $372,000 after buying an additional 223 shares during the last quarter. Finally, State of Michigan Retirement System increased its holdings in TXNM Energy by 1.7% in the first quarter. State of Michigan Retirement System now owns 23,589 shares of the company’s stock worth $1,379,000 after buying an additional 400 shares during the last quarter. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Trading Down 0.3%

Shares of NYSE:TXNM opened at $58.23 on Friday. The stock has a market capitalization of $6.41 billion, a PE ratio of 27.86, a P/E/G ratio of 2.51 and a beta of 0.17. TXNM Energy, Inc. has a 1 year low of $55.64 and a 1 year high of $59.53. The firm has a fifty day moving average price of $58.35 and a 200 day moving average price of $58.38. The company has a current ratio of 0.81, a quick ratio of 0.39 and a debt-to-equity ratio of 1.53.

TXNM Energy (NYSE:TXNM) last posted its earnings results on Friday, October 30th. The company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.53 by $0.09. TXNM Energy had a net margin of 9.88% and a return on equity of 9.17%. The firm had revenue of $733.29 million for the quarter, compared to the consensus estimate of $749.61 million. Analysts expect that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 23rd will be paid 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 is Friday, October 23rd. TXNM Energy’s dividend payout ratio is 80.86%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of TXNM Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

TXNM Energy Company Profile

TXNM Energy Inc (NYSE:TXNM) is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.