Engineers Gate Manager LP Has $536,000 Position in TXNM Energy, Inc. $TXNM

Engineers Gate Manager LP lessened its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 64.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,440 shares of the company's stock after selling 17,479 shares during the period. Engineers Gate Manager LP's holdings in TXNM Energy were worth $536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pentwater Capital Management LP bought a new stake in TXNM Energy in the 2nd quarter valued at $368,360,000. Norges Bank bought a new stake in shares of TXNM Energy in the fourth quarter valued at about $182,061,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of TXNM Energy by 420.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,657 shares of the company's stock worth $88,839,000 after buying an additional 1,227,627 shares during the period. Hsbc Holdings PLC acquired a new position in shares of TXNM Energy during the second quarter worth about $50,713,000. Finally, Alberta Investment Management Corp bought a new position in shares of TXNM Energy during the second quarter worth about $44,935,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

TXNM Energy Stock Performance

Shares of TXNM opened at $58.67 on Wednesday. The firm has a 50-day moving average of $57.80 and a 200-day moving average of $58.19. TXNM Energy, Inc. has a one year low of $55.64 and a one year high of $59.53. The company has a market cap of $6.46 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 2.53 and a beta of 0.17. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.56 and a quick ratio of 0.39.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $548.55 million during the quarter, compared to the consensus estimate of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. As a group, equities analysts forecast that TXNM Energy, Inc. will post 3.07 earnings per share for the current year.

TXNM Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Monday, August 3rd were issued a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, August 3rd. TXNM Energy's payout ratio is currently 93.37%.

TXNM Energy Company Profile

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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