Dynamic Technology Lab Private Ltd Has $521,000 Stock Holdings in 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 reduced its position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 35.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,751 shares of the company's stock after selling 5,459 shares during the period. Dynamic Technology Lab Private Ltd's holdings in TXNM Energy were worth $521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TXNM. Hughes Financial Services LLC bought a new position in TXNM Energy in the 1st quarter valued at approximately $25,000. Versant Capital Management Inc bought a new stake in TXNM Energy during the 1st quarter worth approximately $35,000. LRI Investments LLC acquired a new position in TXNM Energy in the 4th quarter valued at approximately $40,000. Fifth Third Bancorp bought a new position in shares of TXNM Energy during the first quarter valued at $40,000. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of TXNM Energy during the first quarter worth $41,000. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Stock Up 0.1%

Shares of NYSE:TXNM opened at $56.90 on Thursday. TXNM Energy, Inc. has a 1 year low of $40.47 and a 1 year high of $57.42. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36. The business's 50-day moving average is $56.75 and its 200-day moving average is $54.83. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 2.69 and a beta of 0.09.

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

TXNM Energy Announces Dividend

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

Analyst Ratings Changes

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

TXNM Energy 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.

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