Tema Etfs LLC Acquires Shares of 48,155 TXNM Energy, Inc. $TXNM

Key Points

• Tema Etfs LLC has acquired a new stake of 48,155 shares in TXNM Energy, Inc., valued at approximately $2.575 million, bringing its total ownership to 0.05% of the company.
• TXNM Energy recently reported a quarterly EPS of $0.25, which missed the consensus estimate of $0.46, despite a revenue of $502.42 million that exceeded expectations.
• The company declared a quarterly dividend of $0.4075 per share, with a yield of 2.9% and a payout ratio of 84.02%.

Tema Etfs LLC bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 48,155 shares of the company's stock, valued at approximately $2,575,000. Tema Etfs LLC owned approximately 0.05% of TXNM Energy as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its stake in TXNM Energy by 4.9% in the 1st quarter. Federated Hermes Inc. now owns 6,115 shares of the company's stock valued at $327,000 after acquiring an additional 285 shares in the last quarter. Hughes Financial Services LLC bought a new stake in shares of TXNM Energy during the 1st quarter worth approximately $25,000. Cetera Investment Advisers raised its stake in shares of TXNM Energy by 10.1% during the 1st quarter. Cetera Investment Advisers now owns 5,281 shares of the company's stock worth $282,000 after purchasing an additional 486 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of TXNM Energy during the 1st quarter worth approximately $35,000. Finally, Fifth Third Bancorp bought a new stake in shares of TXNM Energy during the 1st quarter worth approximately $40,000. Institutional investors own 91.68% of the company's stock.

TXNM Energy Stock Performance

Shares of TXNM stock traded up $0.14 during trading on Monday, reaching $56.64. 643,600 shares of the company's stock were exchanged, compared to its average volume of 1,111,901. 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 market capitalization of $5.97 billion, a PE ratio of 29.19, a PEG ratio of 2.68 and a beta of 0.09. TXNM Energy, Inc. has a twelve month low of $40.47 and a twelve month high of $57.42. The firm's fifty day moving average price is $56.69 and its 200-day moving average price is $54.56.

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

TXNM Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy's payout ratio is presently 84.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut TXNM Energy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Siebert Williams Shank cut TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Scotiabank upped their price objective 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. Barclays reiterated an "overweight" rating and set a $61.00 price objective (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Finally, Mizuho cut TXNM Energy from a "strong-buy" rating to a "hold" 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 stock. According to data from MarketBeat, the company presently 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.