Dynamic Technology Lab Private Ltd Sells 5,459 Shares of TXNM Energy, Inc. $TXNM

Key Points

• Dynamic Technology Lab Private Ltd significantly reduced its holdings in TXNM Energy, Inc. by 35.9%, leaving it with 9,751 shares valued at approximately $521,000.
• TXNM Energy announced a quarterly dividend of $0.4075 per share, resulting in an annualized dividend yield of 2.9% and a payout ratio of 84.02%.
• The company's financial performance showed a miss in EPS at $0.25 compared to expectations of $0.46, with quarterly revenue of $502.42 million, exceeding analyst estimates.

Dynamic Technology Lab Private Ltd lowered its position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 35.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,751 shares of the company's stock after selling 5,459 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in TXNM Energy were worth $521,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TXNM. Hughes Financial Services LLC acquired a new position in TXNM Energy during the 1st quarter worth approximately $25,000. Versant Capital Management Inc acquired a new position in TXNM Energy during the 1st quarter worth approximately $35,000. LRI Investments LLC acquired a new position in TXNM Energy during the 4th quarter worth approximately $40,000. Fifth Third Bancorp acquired a new position in TXNM Energy during the 1st quarter worth approximately $40,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in TXNM Energy during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Stock Performance

TXNM traded down $0.27 during trading hours on Tuesday, reaching $56.62. The company's stock had a trading volume of 903,235 shares, compared to its average volume of 810,286. TXNM Energy, Inc. has a 52 week low of $42.09 and a 52 week high of $57.42. The company's 50-day moving average is $56.79 and its 200-day moving average is $54.99. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.36 and a current ratio of 0.51. The firm has a market cap of $5.97 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 2.69 and a beta of 0.09.

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

TXNM Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were paid a $0.4075 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, August 8th. TXNM Energy's dividend payout ratio is 84.02%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TXNM. Wall Street Zen downgraded TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Barclays reissued an "overweight" rating and issued a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a report on Wednesday, May 21st. Scotiabank increased their price objective on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a report on Tuesday, May 20th. Mizuho downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Siebert Williams Shank downgraded TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, May 23rd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $54.86.

TXNM Energy Company Profile

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.