Grantham Mayo Van Otterloo & Co. LLC Purchases 193,964 Shares of TXNM Energy, Inc. $TXNM

Grantham Mayo Van Otterloo & Co. LLC grew its position in TXNM Energy, Inc. (NYSE:TXNM) by 40.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 676,094 shares of the company’s stock after purchasing an additional 193,964 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in TXNM Energy were worth $38,233,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in TXNM Energy by 55.4% in the third quarter. Principal Financial Group Inc. now owns 330,336 shares of the company’s stock worth $18,681,000 after purchasing an additional 117,765 shares during the last quarter. AlphaQuest LLC bought a new position in TXNM Energy in the 3rd quarter valued at $2,880,000. Truist Financial Corp bought a new position in TXNM Energy in the 3rd quarter valued at $4,378,000. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of TXNM Energy during the 2nd quarter valued at $6,974,000. Finally, BCK Capital Management LP bought a new stake in shares of TXNM Energy during the 2nd quarter worth $2,090,000. 91.68% of the stock is owned by institutional investors.

TXNM Energy Stock Performance

NYSE TXNM opened at $58.91 on Friday. The firm has a market cap of $6.42 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 2.52 and a beta of 0.17. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average is $59.08 and its 200-day moving average is $57.97. TXNM Energy, Inc. has a 12-month low of $47.21 and a 12-month high of $59.52.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, February 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.12). TXNM Energy had a return on equity of 7.54% and a net margin of 7.27%.The business had revenue of $533.23 million during the quarter, compared to the consensus estimate of $593.29 million. During the same period last year, the business posted $0.30 earnings per share. Sell-side analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Monday, April 27th will be issued a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s dividend payout ratio is 115.75%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TXNM. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, TXNM Energy presently has a consensus rating of “Hold” and an average price target of $59.30.

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. 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.