Universal Beteiligungs und Servicegesellschaft mbH Sells 1,600,100 Shares of TXNM Energy, Inc. $TXNM

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH sold 1,600,100 shares of TXNM, cutting its stake by 99.6% and leaving it with 6,345 shares worth $374,000 at quarter-end.
• TXNM missed the quarter: reported EPS $0.21 vs. $0.30 consensus (a $0.09 miss) and revenue $504.98M vs. $506.24M, with a net margin of 6.96% and ROE of 7.18%.
• The company declared a quarterly dividend of $0.4225 (annualized $1.69, yield 2.9%), but the dividend payout ratio is a high 121.58%, suggesting payout sustainability risk.

Universal Beteiligungs und Servicegesellschaft mbH cut its stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 99.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,345 shares of the company's stock after selling 1,600,100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in TXNM Energy were worth $374,000 at the end of the most recent quarter.

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

TXNM Energy Price Performance

TXNM Energy stock opened at $59.17 on Wednesday. The firm has a market cap of $6.55 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.53 and a beta of 0.16. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.55 and a quick ratio of 0.38. The stock's fifty day moving average price is $58.83 and its two-hundred day moving average price is $58.55. TXNM Energy, Inc. has a one year low of $51.59 and a one year high of $59.52.

TXNM Energy (NYSE:TXNM - Get Free Report) last released its earnings results on Friday, May 1st. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.09). The company had revenue of $504.98 million for the quarter, compared to the consensus estimate of $506.24 million. TXNM Energy had a net margin of 6.96% and a return on equity of 7.18%. The business's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. As a group, research analysts expect that TXNM Energy, Inc. will post 3.09 EPS 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 given a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.69 annualized dividend and a yield of 2.9%. TXNM Energy's dividend payout ratio is currently 121.58%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price 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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