Squarepoint Ops LLC Purchases 57,055 Shares of TXNM Energy, Inc. $TXNM

Key Points

• Squarepoint Ops increased its TXNM Energy stake by 15.3%, purchasing 57,055 shares to reach 430,937 shares valued at approximately $24.5 million. Institutional investors collectively own 91.68% of the company.
• Analysts maintain a cautious outlook, with all three covering the stock rating it “Hold” and a consensus price target of $61.25. TXNM opened at $58.16, near its 12-month range of $55.64 to $59.53.
• TXNM reported quarterly EPS of $0.58, exceeding estimates by $0.02, though revenue of $548.55 million fell short of expectations. The company pays an annualized dividend of $1.69, yielding 2.9%, with a high 93.37% payout ratio.

Squarepoint Ops LLC lifted its holdings in TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,937 shares of the company's stock after acquiring an additional 57,055 shares during the quarter. Squarepoint Ops LLC owned approximately 0.39% of TXNM Energy worth $24,469,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Los Angeles Capital Management LLC bought a new position in TXNM Energy in the 4th quarter valued at $27,000. Ameritas Advisory Services LLC bought a new stake in shares of TXNM Energy during the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of TXNM Energy by 17.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company's stock valued at $73,000 after purchasing an additional 184 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of TXNM Energy by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company's stock valued at $74,000 after purchasing an additional 236 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $74,000. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TXNM shares. 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 raised shares of TXNM Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $61.25.

TXNM Energy Stock Up 0.3%

NYSE:TXNM opened at $58.16 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. TXNM Energy, Inc. has a 12-month low of $55.64 and a 12-month high of $59.53. The stock's fifty day simple moving average is $57.51 and its 200-day simple moving average is $58.25. The firm has a market capitalization of $6.40 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.53 and a beta of 0.17.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%.The business had revenue of $548.55 million during the quarter, compared to the consensus estimate of $567.00 million. Equities research analysts expect that TXNM Energy, Inc. will post 3.03 earnings per share for the current year.

TXNM Energy Cuts Dividend

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