GSA Capital Partners LLP Makes New $6.61 Million Investment in TXNM Energy, Inc. $TXNM

Key Points

• GSA Capital Partners acquired 116,439 shares of TXNM Energy worth approximately $6.61 million, making up 0.4% of its portfolio and about 0.11% of TXNM’s outstanding shares. Institutional investors collectively own 91.68% of the company.
• Analysts maintain a cautious outlook, with three Hold ratings and a consensus price target of $61.25. TXNM recently exceeded quarterly EPS expectations ($0.58 versus $0.56), though revenue fell short of estimates.
• TXNM Energy’s shares opened at $57.37, near the lower end of their 52-week range, while the company paid a quarterly dividend of $0.4225, representing a 2.9% annualized yield and a high 93.37% payout ratio.

GSA Capital Partners LLP bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 116,439 shares of the company's stock, valued at approximately $6,611,000. TXNM Energy comprises approximately 0.4% of GSA Capital Partners LLP's investment portfolio, making the stock its 6th largest position. GSA Capital Partners LLP owned about 0.11% of TXNM Energy at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in TXNM Energy during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC increased its stake in TXNM Energy by 17.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company's stock valued at $73,000 after buying an additional 184 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in TXNM Energy by 23.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company's stock valued at $74,000 after buying an additional 236 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of TXNM Energy during the 4th quarter worth approximately $74,000. Finally, Larson Financial Group LLC lifted its position in shares of TXNM Energy by 81.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company's stock worth $78,000 after buying an additional 623 shares in the last quarter. 91.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TXNM Energy Stock Performance

NYSE TXNM opened at $57.37 on Friday. TXNM Energy, Inc. has a 52-week low of $55.64 and a 52-week high of $59.53. The company has a 50-day simple moving average of $57.35 and a 200 day simple moving average of $58.43. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.39 and a current ratio of 0.56. The company has a market capitalization of $5.91 billion, a PE ratio of 31.69, a price-to-earnings-growth ratio of 2.48 and a beta of 0.17.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. The business had revenue of $548.55 million for the quarter, compared to analyst estimates of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. On average, research analysts predict that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Cuts Dividend

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

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. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.

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