Bank of America Corp DE Makes New Investment in TXNM Energy, Inc. $TXNM

Key Points

• Bank of America acquired 360,040 TXNM Energy shares in the second quarter, valued at approximately $20.4 million and representing about 0.35% of the company. Institutional investors collectively own 91.68% of TXNM’s stock.
• TXNM Energy reported quarterly earnings of $0.58 per share, exceeding estimates by $0.02, while revenue of $548.55 million fell short of expectations. Analysts expect full-year earnings of $3.07 per share.
• The company declared a quarterly dividend of $0.4225 per share, equivalent to an annualized $1.69 payout and a 2.9% yield. Analysts maintain a consensus “Hold” rating with a $61.25 target price.

Bank of America Corp DE acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 360,040 shares of the company's stock, valued at approximately $20,443,000. Bank of America Corp DE owned approximately 0.35% of TXNM Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in TXNM Energy by 4.9% during the first quarter. Public Employees Retirement System of Ohio now owns 3,787 shares of the company's stock worth $221,000 after buying an additional 176 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in TXNM Energy by 17.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company's stock worth $73,000 after acquiring an additional 184 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in TXNM Energy by 3.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,368 shares of the company's stock valued at $372,000 after purchasing an additional 223 shares in the last quarter. State of Michigan Retirement System raised its position in TXNM Energy by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 23,589 shares of the company's stock valued at $1,379,000 after purchasing an additional 400 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in TXNM Energy by 4.8% in the 1st quarter. Cetera Investment Advisers now owns 9,831 shares of the company's stock valued at $575,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Price Performance

TXNM opened at $58.19 on Friday. 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 stock has a market capitalization of $6.41 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 2.53 and a beta of 0.17. The company's 50 day simple moving average is $57.84 and its 200-day simple moving average is $58.18. TXNM Energy, Inc. has a one year low of $55.64 and a one year high of $59.53.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. The firm had revenue of $548.55 million during the quarter, compared to analysts' expectations of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. Sell-side analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings upgraded TXNM Energy from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Wall Street Zen raised TXNM Energy from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $61.25.

About TXNM Energy

TXNM Energy Inc NYSE: TXNM is an energy holding company that owns regulated electric utilities serving customers in New Mexico and Texas. Its principal operating companies are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

PNM provides electricity generation, transmission and distribution services in New Mexico, while TNMP operates an electric transmission and distribution network in several regions of Texas. The company's operations support residential, commercial and industrial customers and include a mix of conventional and renewable power resources.

TXNM Energy was formerly known as PNM Resources and adopted its current name and ticker symbol in 2025.

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