XTX Topco Ltd Makes New $1.08 Million Investment in TXNM Energy, Inc. (NYSE:TXNM)

Key Points

• XTX Topco Ltd acquired a new position in TXNM Energy, purchasing 20,195 shares for approximately $1,080,000 during the first quarter.
• TXNM Energy reported earnings of $0.25 per share, missing analysts' expectations of $0.46, but achieved a revenue of $502.42 million, which exceeded estimates.
• The company announced a quarterly dividend of $0.4075 per share, with a dividend yield of 2.9%, to be paid on August 22nd.

XTX Topco Ltd acquired a new position in shares of TXNM Energy, Inc. (NYSE:TXNM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 20,195 shares of the company's stock, valued at approximately $1,080,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. acquired a new stake in shares of TXNM Energy during the fourth quarter worth $303,744,000. FMR LLC acquired a new stake in shares of TXNM Energy during the fourth quarter worth $191,594,000. Fuller & Thaler Asset Management Inc. bought a new position in TXNM Energy during the fourth quarter worth $189,170,000. Zimmer Partners LP bought a new position in TXNM Energy during the fourth quarter worth $165,816,000. Finally, Geode Capital Management LLC bought a new position in TXNM Energy during the fourth quarter worth $105,148,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Price Performance

TXNM Energy stock traded up $0.05 during midday trading on Thursday, reaching $57.11. 797,070 shares of the stock were exchanged, compared to its average volume of 1,284,735. The company's fifty day moving average is $56.62 and its 200-day moving average is $53.50. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.19 and a current ratio of 0.51. The firm has a market cap of $6.02 billion, a PE ratio of 29.44, a PEG ratio of 2.69 and a beta of 0.10. TXNM Energy, Inc. has a 52 week low of $39.70 and a 52 week high of $57.42.

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

TXNM Energy Dividend Announcement

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

Analysts Set New Price Targets

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

TXNM Energy Company 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.