Public Employees Retirement System of Ohio trimmed its position in TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 20.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,843 shares of the company's stock after selling 9,730 shares during the period. Public Employees Retirement System of Ohio's holdings in TXNM Energy were worth $2,131,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of TXNM. Parallel Advisors LLC boosted its stake in TXNM Energy by 15.9% in the second quarter. Parallel Advisors LLC now owns 1,331 shares of the company's stock valued at $75,000 after acquiring an additional 183 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of TXNM Energy by 4.2% during the second quarter. IFM Investors Pty Ltd now owns 6,630 shares of the company's stock valued at $373,000 after buying an additional 266 shares during the last quarter. Federated Hermes Inc. raised its holdings 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 valued at $327,000 after buying an additional 285 shares during the last quarter. Baird Financial Group Inc. raised its holdings 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 valued at $272,000 after buying an additional 287 shares during the last quarter. Finally, Hughes Financial Services LLC bought a new stake in shares of TXNM Energy during the first quarter valued at approximately $25,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.
TXNM Energy Stock Performance
TXNM opened at $56.84 on Friday. The business's 50 day moving average is $56.78 and its 200-day moving average is $55.45. The stock has a market cap of $5.99 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.69 and a beta of 0.06. 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 twelve month low of $42.09 and a twelve month high of $57.42.
TXNM Energy (NYSE:TXNM - Get Free Report) last released its quarterly 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). TXNM Energy had a net margin of 8.75% and a return on equity of 7.34%. The business had revenue of $502.42 million for the quarter, compared to the consensus estimate of $493.90 million. The firm's revenue was up 2.9% compared to the same quarter last year. On average, analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.
TXNM Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $1.63 annualized dividend and a yield of 2.9%. TXNM Energy's payout ratio is presently 84.02%.
TXNM Energy Profile
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Free Report)
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.
See Also
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