Inspire Investing LLC Buys Shares of 9,647 TXNM Energy, Inc. $TXNM

Key Points

• Inspire Investing LLC has invested $516,000 in TXNM Energy, acquiring 9,647 shares of the company in the first quarter.
• TXNM Energy reported a quarterly EPS of $0.25, missing analysts' estimates, while also announcing a dividend of $0.4075, offering a yield of 2.9%.
• Research analysts have mixed ratings on TXNM Energy, with a consensus rating of “Moderate Buy” and a price target of $54.86, influenced by various rating changes from different institutions.

Inspire Investing LLC bought a new position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,647 shares of the company's stock, valued at approximately $516,000.

Other institutional investors have also made changes to their positions in the company. Hughes Financial Services LLC purchased a new position in shares of TXNM Energy in the first quarter worth approximately $25,000. Versant Capital Management Inc acquired a new stake in shares of TXNM Energy during the first quarter worth approximately $35,000. Fifth Third Bancorp acquired a new stake in shares of TXNM Energy during the first quarter worth approximately $40,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of TXNM Energy during the first quarter worth approximately $41,000. Finally, Smartleaf Asset Management LLC acquired a new stake in shares of TXNM Energy during the first quarter worth approximately $43,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TXNM. Barclays reiterated an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Siebert Williams Shank cut shares of TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a research note 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $54.86.

TXNM Energy Price Performance

Shares of NYSE:TXNM traded down $0.01 on Thursday, hitting $56.61. The stock had a trading volume of 111,860 shares, compared to its average volume of 1,223,050. TXNM Energy, Inc. has a twelve month low of $42.09 and a twelve month high of $57.42. 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's 50 day moving average price is $56.79 and its 200-day moving average price is $55.00. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 2.68 and a beta of 0.09.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued 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). The firm had revenue of $502.42 million during the quarter, compared to analyst estimates of $493.90 million. TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. The business's revenue was up 2.9% on a year-over-year basis. On average, 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 declared 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. The ex-dividend date was Friday, August 8th. This represents a $1.63 annualized dividend and a yield of 2.9%. TXNM Energy's dividend payout ratio is 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.