Fox Run Management L.L.C. Purchases New Shares in TXNM Energy, Inc. $TXNM

Key Points

• Fox Run Management L.L.C. has acquired a new stake in TXNM Energy, Inc., purchasing 5,356 shares valued at approximately $286,000.
• Several institutional investors have also entered the market for TXNM Energy, including Principal Financial Group, which acquired a stake worth $11,181,000.
• TXNM Energy recently announced a quarterly dividend of $0.4075 per share, resulting in a dividend yield of 2.9% for shareholders.

Fox Run Management L.L.C. acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,356 shares of the company's stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in TXNM Energy during the first quarter worth $112,000. Nuveen LLC purchased a new stake in shares of TXNM Energy in the 1st quarter valued at $17,431,000. Virtu Financial LLC acquired a new position in TXNM Energy during the 1st quarter worth about $334,000. Invesco Ltd. boosted its holdings in TXNM Energy by 98.8% during the 1st quarter. Invesco Ltd. now owns 799,068 shares of the company's stock valued at $42,734,000 after acquiring an additional 397,037 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new stake in TXNM Energy during the first quarter worth about $300,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Siebert Williams Shank lowered shares of 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 issued a $61.00 price target (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Finally, Scotiabank boosted their target price on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, TXNM Energy presently has an average rating of "Moderate Buy" and a consensus target price of $54.86.

TXNM Energy Stock Up 0.0%

TXNM traded up $0.0280 on Monday, reaching $56.7580. The company's stock had a trading volume of 182,732 shares, compared to its average volume of 1,273,445. The company has a market capitalization of $5.98 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 2.68 and a beta of 0.10. TXNM Energy, Inc. has a fifty-two week low of $40.47 and a fifty-two week high of $57.42. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.49. The stock has a 50 day moving average of $56.67 and a two-hundred day moving average of $54.31.

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

TXNM Energy Dividend Announcement

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

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.