US Bancorp DE Purchases Shares of 22,163 TXNM Energy, Inc. (NYSE:TXNM)

Key Points

• US Bancorp DE has acquired a new stake in TXNM Energy, purchasing 22,163 shares valued at approximately $1.185 million in the first quarter of the year.
• TXNM Energy reported earnings per share of $0.25 for the last quarter, which was below the consensus estimate of $0.46, despite achieving revenue of $502.42 million compared to projections of $493.90 million.
• The company announced a quarterly dividend of $0.4075, with an annualized dividend yield of 2.9%, reflecting a payout ratio of 84.02%.

US Bancorp DE bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,163 shares of the company's stock, valued at approximately $1,185,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TXNM. Hughes Financial Services LLC purchased a new stake in TXNM Energy in the 1st quarter valued at about $25,000. Bessemer Group Inc. acquired a new position in TXNM Energy during the 4th quarter worth approximately $27,000. Versant Capital Management Inc acquired a new position in TXNM Energy during the 1st quarter worth approximately $35,000. LRI Investments LLC acquired a new position in shares of TXNM Energy in the 4th quarter valued at approximately $40,000. Finally, Fifth Third Bancorp acquired a new position in shares of TXNM Energy in the 1st quarter valued at approximately $40,000. Institutional investors and hedge funds own 91.68% of the company's stock.

TXNM Energy Stock Down 0.2%

TXNM Energy stock traded down $0.10 during mid-day trading on Thursday, hitting $56.94. The company's stock had a trading volume of 657,251 shares, compared to its average volume of 1,278,589. The firm's 50 day moving average is $56.66 and its 200 day moving average is $53.82. The company has a market cap of $6.00 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 2.70 and a beta of 0.10. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36. TXNM Energy, Inc. has a 52-week low of $40.04 and a 52-week high of $57.42.

TXNM Energy (NYSE:TXNM - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.21). The business had revenue of $502.42 million during the quarter, compared to analysts' expectations of $493.90 million. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. TXNM Energy's quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be paid a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy's dividend payout ratio (DPR) is 84.02%.

Analyst Ratings Changes

TXNM has been the topic of a number of recent analyst reports. Wall Street Zen lowered TXNM Energy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Scotiabank upped their target price on TXNM Energy from $55.00 to $60.00 and gave the company a "sector perform" rating in a research report on Tuesday, May 20th. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 23rd. Finally, Barclays reaffirmed an "overweight" rating and issued a $61.00 target price (up from $57.00) on shares of TXNM Energy in a research report on Wednesday, May 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $54.86.

About TXNM Energy

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.