UBS Group AG Acquires 437,727 Shares of TXNM Energy, Inc. $TXNM

Key Points

• UBS Group AG increased its stake in TXNM by 54.2% in Q4, buying 437,727 shares to own 1,244,976 shares (about 1.14% of the company) valued at roughly $73.3 million.
• Quarterly results missed expectations: TXNM reported $0.21 EPS vs. $0.30 expected and $504.98M revenue vs. $506.24M, and it declared a $0.4225 quarterly dividend (annual $1.69) with a payout ratio of 115.75%.
• Shares trade near $59.21 with a $6.56B market cap and a P/E of 42.6; analysts mostly rate the stock a "Hold" with an average price target of $60.88, and institutional investors own about 91.68% of the company.

UBS Group AG raised its holdings in TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 54.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,244,976 shares of the company's stock after purchasing an additional 437,727 shares during the quarter. UBS Group AG owned 1.14% of TXNM Energy worth $73,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of TXNM. Smartleaf Asset Management LLC grew its stake in TXNM Energy by 280.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company's stock valued at $58,000 after purchasing an additional 756 shares during the period. Jones Financial Companies Lllp lifted its position in shares of TXNM Energy by 574.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company's stock valued at $73,000 after buying an additional 1,102 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of TXNM Energy by 81.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company's stock valued at $78,000 after buying an additional 623 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of TXNM Energy by 215.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company's stock valued at $86,000 after buying an additional 1,043 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of TXNM Energy by 22.5% during the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company's stock valued at $86,000 after buying an additional 268 shares during the last quarter. Institutional investors own 91.68% of the company's stock.

TXNM Energy Stock Up 0.0%

Shares of NYSE:TXNM opened at $59.21 on Monday. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 42.60, a PEG ratio of 2.53 and a beta of 0.16. The stock has a fifty day simple moving average of $58.83 and a two-hundred day simple moving average of $58.53. TXNM Energy, Inc. has a 12-month low of $51.59 and a 12-month high of $59.52. The company has a current ratio of 0.55, a quick ratio of 0.38 and a debt-to-equity ratio of 1.48.

TXNM Energy (NYSE:TXNM - Get Free Report) last posted its earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.09). TXNM Energy had a return on equity of 7.25% and a net margin of 6.96%.The business had revenue of $504.98 million during the quarter, compared to the consensus estimate of $506.24 million. During the same period in the previous year, the business posted $0.19 EPS. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts anticipate that TXNM Energy, Inc. will post 3.09 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 27th will be issued a $0.4225 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. TXNM Energy's payout ratio is presently 115.75%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised TXNM Energy from a "sell" rating to a "hold" rating in a research report on Sunday. One analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $60.88.

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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