Universal Beteiligungs und Servicegesellschaft mbH Makes New $267,000 Investment in TXNM Energy, Inc. (NYSE:TXNM)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 5,000 shares of TXNM Energy, Inc. valued at approximately $267,000, according to a recent SEC filing.
• TXNM Energy reported a miss in quarterly earnings, posting $0.25 earnings per share, which fell short of the consensus estimate of $0.46, despite revenues beating expectations at $502.42 million.
• The company announced a quarterly dividend of $0.4075 per share, representing a 2.9% yield, with a payout ratio of 84.02% for the last fiscal year.

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,000 shares of the company's stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new position in TXNM Energy during the 1st quarter valued at about $25,000. Bessemer Group Inc. purchased a new stake in shares of TXNM Energy in the 4th quarter worth approximately $27,000. Versant Capital Management Inc purchased a new stake in shares of TXNM Energy in the 1st quarter worth approximately $35,000. Fifth Third Bancorp purchased a new stake in shares of TXNM Energy in the 1st quarter worth approximately $40,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of TXNM Energy in the 4th quarter worth approximately $38,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on TXNM shares. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Scotiabank lifted their target price on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a report on Tuesday, May 20th. Siebert Williams Shank downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Finally, Barclays restated an "overweight" rating and set a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.86.

TXNM Energy Stock Performance

Shares of TXNM Energy stock traded up $0.20 on Wednesday, hitting $57.03. 1,288,886 shares of the company's stock were exchanged, compared to its average volume of 1,288,274. The company has a 50-day simple moving average of $56.61 and a 200-day simple moving average of $53.48. The stock has a market capitalization of $6.01 billion, a PE ratio of 29.39, a PEG ratio of 2.70 and a beta of 0.10. TXNM Energy, Inc. has a 1 year low of $39.70 and a 1 year high of $57.42. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 0.51.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.21). The business had revenue of $502.42 million for the quarter, compared to analysts' expectations of $493.90 million. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. The company's revenue was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.4075 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, August 8th. TXNM Energy's payout ratio is presently 84.02%.

About TXNM Energy

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.