Van Lanschot Kempen Investment Management N.V. Buys 15,146 Shares of TXNM Energy, Inc. $TXNM

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its stake in TXNM Energy, Inc. by 14.0%, owning approximately $6.59 million worth of shares as of its latest filing.
• TXNM Energy recently declared a quarterly dividend of $0.4075 per share, with a yield of 2.9% and a payout ratio of 84.02%.
• Analysts have mixed ratings on TXNM Energy, with an average price target of $54.86 and some revisions ranging from price increases to downgrades.

Van Lanschot Kempen Investment Management N.V. increased its stake in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) by 14.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,298 shares of the company's stock after acquiring an additional 15,146 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.13% of TXNM Energy worth $6,594,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new stake in TXNM Energy in the first quarter valued at approximately $25,000. Versant Capital Management Inc bought a new stake in TXNM Energy in the first quarter valued at approximately $35,000. LRI Investments LLC bought a new stake in TXNM Energy in the fourth quarter valued at approximately $40,000. Fifth Third Bancorp bought a new position in TXNM Energy in the 1st quarter valued at about $40,000. Finally, Financial Gravity Asset Management Inc. bought a new position in TXNM Energy in the 1st quarter valued at about $41,000. Institutional investors own 91.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wall Street Zen cut shares of TXNM Energy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Siebert Williams Shank lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 23rd. Mizuho lowered TXNM Energy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Scotiabank increased their target price on TXNM Energy from $55.00 to $60.00 and gave the stock a "sector perform" rating in a research note on Tuesday, May 20th. Finally, Barclays reiterated an "overweight" rating and set a $61.00 target price (up previously from $57.00) on shares of TXNM Energy in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, TXNM Energy currently has an average rating of "Moderate Buy" and an average target price of $54.86.

TXNM Energy Price Performance

Shares of TXNM stock traded up $0.1250 during trading hours on Monday, reaching $56.8550. The company's stock had a trading volume of 443,883 shares, compared to its average volume of 1,274,458. The firm's 50 day simple moving average is $56.67 and its 200-day simple moving average is $54.31. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 2.68 and a beta of 0.10. TXNM Energy, Inc. has a fifty-two week low of $40.47 and a fifty-two week high of $57.42. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.49.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $493.90 million. The firm's revenue was up 2.9% on a year-over-year basis. Sell-side analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a dividend of $0.4075 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.63 annualized dividend and a yield of 2.9%. TXNM Energy's payout ratio is presently 84.02%.

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.