Susquehanna International Group LLP Acquires New Holdings in TXNM Energy, Inc. (NYSE:TXNM)

Susquehanna International Group LLP bought a new stake in TXNM Energy, Inc. (NYSE:TXNM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,520 shares of the company's stock, valued at approximately $2,877,000. Susquehanna International Group LLP owned about 0.06% of TXNM Energy at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in shares of TXNM Energy in the fourth quarter valued at about $497,880,000. FMR LLC acquired a new position in TXNM Energy in the 4th quarter valued at about $191,594,000. Alliancebernstein L.P. purchased a new stake in TXNM Energy during the 4th quarter valued at approximately $123,764,000. Geode Capital Management LLC purchased a new stake in TXNM Energy during the 4th quarter valued at approximately $105,148,000. Finally, Franklin Resources Inc. acquired a new stake in TXNM Energy during the 4th quarter worth approximately $79,524,000. 91.68% of the stock is owned by hedge funds and other institutional investors.

TXNM Energy Price Performance

Shares of NYSE:TXNM traded up $0.35 on Tuesday, reaching $53.35. 186,113 shares of the company were exchanged, compared to its average volume of 853,331. The company has a 50-day moving average of $52.43 and a 200-day moving average of $49.70. The company has a current ratio of 0.36, a quick ratio of 0.27 and a debt-to-equity ratio of 1.80. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 6.12 and a beta of 0.11. TXNM Energy, Inc. has a 1-year low of $39.60 and a 1-year high of $56.50.

TXNM Energy (NYSE:TXNM - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). TXNM Energy had a return on equity of 9.69% and a net margin of 9.26%. The company had revenue of $482.79 million for the quarter, compared to analyst estimates of $451.01 million. The business's quarterly revenue was up 10.5% compared to the same quarter last year. Equities analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, April 25th will be issued a dividend of $0.4075 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $1.63 annualized dividend and a yield of 3.06%. TXNM Energy's dividend payout ratio is presently 72.44%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TXNM. Scotiabank boosted their target price on TXNM Energy from $52.00 to $55.00 and gave the company a "sector perform" rating in a report on Monday, February 24th. Evercore ISI upgraded shares of TXNM Energy from an "in-line" rating to an "outperform" rating and upped their price objective for the stock from $51.00 to $54.00 in a research report on Tuesday, February 11th. Mizuho raised shares of TXNM Energy from a "neutral" rating to an "outperform" rating and set a $53.00 target price on the stock in a report on Tuesday, March 11th. Finally, Barclays increased their price target on shares of TXNM Energy from $56.00 to $57.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $53.57.

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.