Athos Capital Ltd Buys Shares of 142,842 TXNM Energy, Inc. $TXNM

Key Points

• Athos Capital Ltd bought 142,842 shares of TXNM (~$8.08 million) in Q3, making the stock its 5th-largest holding and representing about 0.13% of TXNM outstanding.
• TXNM missed quarterly expectations, reporting $0.48 EPS versus $0.60 expected and $533.23M in revenue versus $593.29M expected.
• TXNM declared a quarterly dividend of $0.4225 per share (annualized $1.69, ~2.9% yield) with a payout ratio of 115.75%, indicating a potentially unsustainably high payout.

Athos Capital Ltd bought a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 142,842 shares of the company's stock, valued at approximately $8,078,000. TXNM Energy accounts for approximately 5.1% of Athos Capital Ltd's holdings, making the stock its 5th largest holding. Athos Capital Ltd owned about 0.13% of TXNM Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cape Investment Advisory Inc. acquired a new position in shares of TXNM Energy in the 2nd quarter worth approximately $28,000. Huntington National Bank boosted its position in shares of TXNM Energy by 1,307.0% during the 2nd quarter. Huntington National Bank now owns 605 shares of the company's stock worth $34,000 after purchasing an additional 562 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in TXNM Energy by 280.0% in the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company's stock worth $58,000 after acquiring an additional 756 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of TXNM Energy by 574.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company's stock worth $73,000 after purchasing an additional 1,102 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of TXNM Energy by 215.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company's stock valued at $86,000 after buying an additional 1,043 shares in the last quarter. 91.68% of the stock is owned by institutional investors and hedge funds.

TXNM Energy Stock Down 0.1%

TXNM stock opened at $58.91 on Friday. The company's 50 day moving average is $59.08 and its 200 day moving average is $57.97. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.48. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 40.35, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. TXNM Energy, Inc. has a 1-year low of $47.21 and a 1-year high of $59.52.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.12). The firm had revenue of $533.23 million for the quarter, compared to analysts' expectations of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same period in the prior year, the business posted $0.30 earnings per share. Sell-side analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 27th will be given a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy's dividend payout ratio is presently 115.75%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wall Street Zen raised TXNM Energy from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Weiss Ratings reiterated a "hold (c+)" rating on shares of TXNM Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $59.30.

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. 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.

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