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

A number of other institutional investors and hedge funds have also made changes to their positions in TXNM. Hughes Financial Services LLC purchased a new stake in shares of TXNM Energy during the first quarter valued at $25,000. Bessemer Group Inc. purchased a new stake in TXNM Energy during the fourth quarter valued at $27,000. Versant Capital Management Inc bought a new position in TXNM Energy in the first quarter valued at about $35,000. Aster Capital Management DIFC Ltd purchased a new position in shares of TXNM Energy in the fourth quarter worth approximately $38,000. Finally, LRI Investments LLC bought a new stake in shares of TXNM Energy during the 4th quarter valued at $40,000. Institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TXNM. Scotiabank raised 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. Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Mizuho cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Siebert Williams Shank downgraded shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Barclays restated an "overweight" rating and issued a $61.00 price target (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, TXNM Energy currently has a consensus rating of "Hold" and a consensus target price of $54.86.

TXNM Energy Trading Down 0.3%

NYSE:TXNM traded down $0.17 during midday trading on Friday, hitting $56.53. 587,023 shares of the company traded hands, compared to its average volume of 1,282,692. The company has a current ratio of 0.51, a quick ratio of 0.19 and a debt-to-equity ratio of 1.49. The firm's fifty day moving average is $56.63 and its 200-day moving average is $53.56. The firm has a market capitalization of $5.96 billion, a P/E ratio of 29.14, a P/E/G ratio of 2.70 and a beta of 0.10. TXNM Energy, Inc. has a 12-month low of $39.70 and a 12-month high of $57.42.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.25 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.21). The company had revenue of $502.42 million during the quarter, compared to the consensus estimate of $493.90 million. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. The business's revenue was up 2.9% compared to the same quarter last year. On average, sell-side analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.4075 per share. This represents a $1.63 annualized dividend and a 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.