Nomura Holdings Inc. Raises Holdings in TXNM Energy, Inc. $TXNM

Key Points

• Nomura Holdings Inc. increased its stake in TXNM Energy, Inc. by 132.3% during the first quarter, owning a total of 27,750 shares worth $1.48 million.
• TXNM Energy reported a quarterly earnings miss with an EPS of $0.25, below the consensus estimate of $0.46, despite revenue increasing by 2.9% year-over-year to $502.42 million.
• The company announced a quarterly dividend of $0.4075 per share, resulting in an annual yield of 2.9% and a dividend payout ratio of 84.02%.

Nomura Holdings Inc. lifted its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 132.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 27,750 shares of the company's stock after acquiring an additional 15,804 shares during the period. Nomura Holdings Inc.'s holdings in TXNM Energy were worth $1,484,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Federated Hermes Inc. grew its stake in shares of TXNM Energy by 4.9% during the first quarter. Federated Hermes Inc. now owns 6,115 shares of the company's stock worth $327,000 after acquiring an additional 285 shares during the last quarter. Baird Financial Group Inc. grew its stake in shares of TXNM Energy by 6.0% during the first quarter. Baird Financial Group Inc. now owns 5,095 shares of the company's stock worth $272,000 after acquiring an additional 287 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of TXNM Energy during the first quarter worth about $25,000. Cetera Investment Advisers grew its stake in shares of TXNM Energy by 10.1% during the first quarter. Cetera Investment Advisers now owns 5,281 shares of the company's stock worth $282,000 after acquiring an additional 486 shares during the last quarter. Finally, Versant Capital Management Inc purchased a new stake in TXNM Energy in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.68% of the company's stock.

TXNM Energy Trading Up 0.2%

TXNM Energy stock opened at $56.76 on Wednesday. The company has a current ratio of 0.51, a quick ratio of 0.36 and a debt-to-equity ratio of 1.49. TXNM Energy, Inc. has a 12 month low of $40.47 and a 12 month high of $57.42. The stock's 50 day simple moving average is $56.69 and its two-hundred day simple moving average is $54.62. The firm has a market cap of $5.98 billion, a PE ratio of 29.26, a P/E/G ratio of 2.68 and a beta of 0.09.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings data 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 company had revenue of $502.42 million during the quarter, compared to analysts' expectations of $493.90 million. The business's revenue was up 2.9% on a year-over-year basis. Analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given 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%.

Analyst Ratings Changes

A number of brokerages recently commented on TXNM. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Barclays reiterated an "overweight" rating and issued a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Scotiabank upped their target price on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 20th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, TXNM Energy has an average rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding TXNM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TXNM Energy, Inc. (NYSE:TXNM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.