Tidal Investments LLC Acquires 25,889 Shares of TXNM Energy, Inc. $TXNM

Key Points

• Tidal Investments increased its TXNM Energy stake by 188.6% in the second quarter, purchasing 25,889 additional shares for a total holding valued at approximately $2.25 million. Institutional investors collectively own 91.68% of the company.
• Analysts maintain a generally neutral view, with three Hold ratings, an average rating of “Hold,” and a consensus price target of $61.25.
• TXNM Energy exceeded quarterly EPS expectations, reporting $0.58 versus the $0.56 consensus, but revenue fell short of estimates. The company pays a $1.69 annualized dividend, yielding 2.9%, with a high 93.37% payout ratio.

Tidal Investments LLC boosted its holdings in TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 188.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,613 shares of the company's stock after buying an additional 25,889 shares during the period. Tidal Investments LLC's holdings in TXNM Energy were worth $2,249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE grew its position in shares of TXNM Energy by 9.9% in the first quarter. Bank of America Corp DE now owns 305,595 shares of the company's stock valued at $17,865,000 after purchasing an additional 27,601 shares in the last quarter. Athos Capital Ltd bought a new stake in shares of TXNM Energy during the 2nd quarter valued at $8,948,000. Pentwater Capital Management LP purchased a new stake in TXNM Energy during the 2nd quarter worth about $368,360,000. Jupiter Topco LLC purchased a new stake in TXNM Energy during the 2nd quarter worth about $2,511,000. Finally, Deutsche Bank AG bought a new position in TXNM Energy in the 2nd quarter worth about $6,367,000. Institutional investors own 91.68% of the company's stock.

Analyst Ratings Changes

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

TXNM Energy Trading Up 0.6%

NYSE TXNM opened at $58.58 on Thursday. The stock's 50-day simple moving average is $57.66 and its two-hundred day simple moving average is $58.21. TXNM Energy, Inc. has a twelve month low of $55.64 and a twelve month high of $59.53. The company has a quick ratio of 0.39, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 2.51 and a beta of 0.17.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.02. The firm had revenue of $548.55 million during the quarter, compared to analysts' expectations of $567.00 million. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%. Research analysts forecast that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Shareholders 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 annualized dividend and a yield of 2.9%. TXNM Energy's dividend payout ratio is currently 93.37%.

About TXNM Energy

TXNM Energy Inc NYSE: TXNM is an energy holding company that owns regulated electric utilities serving customers in New Mexico and Texas. Its principal operating companies are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).

PNM provides electricity generation, transmission and distribution services in New Mexico, while TNMP operates an electric transmission and distribution network in several regions of Texas. The company's operations support residential, commercial and industrial customers and include a mix of conventional and renewable power resources.

TXNM Energy was formerly known as PNM Resources and adopted its current name and ticker symbol in 2025.

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