TXNM Energy, Inc. $TXNM Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 355.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,538 shares of the company's stock after buying an additional 23,049 shares during the quarter. Chicago Partners Investment Group LLC's holdings in TXNM Energy were worth $1,721,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Pentwater Capital Management LP acquired a new stake in shares of TXNM Energy during the second quarter valued at approximately $368,360,000. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in TXNM Energy by 420.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,519,657 shares of the company's stock worth $88,839,000 after purchasing an additional 1,227,627 shares during the period. Hsbc Holdings PLC acquired a new position in TXNM Energy in the 2nd quarter worth approximately $50,713,000. Alberta Investment Management Corp purchased a new position in TXNM Energy during the 2nd quarter worth approximately $44,935,000. Finally, Bank of New York Mellon Corp purchased a new position in TXNM Energy during the 2nd quarter worth approximately $42,214,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Trading Down 0.3%

Shares of NYSE TXNM opened at $58.23 on Friday. TXNM Energy, Inc. has a one year low of $55.64 and a one year high of $59.53. The firm has a market capitalization of $6.41 billion, a PE ratio of 27.86, a PEG ratio of 2.51 and a beta of 0.17. The company has a current ratio of 0.81, a quick ratio of 0.39 and a debt-to-equity ratio of 1.53. The business has a 50-day moving average price of $58.35 and a two-hundred day moving average price of $58.38.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its earnings results on Friday, October 30th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.53 by $0.09. The company had revenue of $733.29 million for the quarter, compared to the consensus estimate of $749.61 million. TXNM Energy had a return on equity of 9.17% and a net margin of 9.88%. As a group, analysts predict that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 23rd will be given a dividend of $0.4225 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy's payout ratio is presently 80.86%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of TXNM Energy from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings raised TXNM Energy from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, November 2nd. One analyst has rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of "Buy".

TXNM Energy Company Profile

TXNM Energy Inc NYSE: TXNM is an energy holding company that provides electricity and related utility services through its regulated subsidiaries. Its principal businesses are Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP), which operate electric generation, transmission and distribution systems.

PNM serves residential, commercial and industrial customers in New Mexico, while TNMP provides regulated electric distribution service to communities in Texas.

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