TXNM Energy, Inc. $TXNM is Dynamic Technology Lab Private Ltd’s 4th Largest Position

Dynamic Technology Lab Private Ltd lifted its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 305.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 87,521 shares of the company’s stock after buying an additional 65,934 shares during the quarter. TXNM Energy comprises approximately 0.8% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 4th largest holding. Dynamic Technology Lab Private Ltd’s holdings in TXNM Energy were worth $4,949,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TXNM. Empowered Funds LLC purchased a new stake in TXNM Energy during the 1st quarter worth $547,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in TXNM Energy by 12.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 297,350 shares of the company’s stock valued at $15,902,000 after purchasing an additional 32,776 shares in the last quarter. State of Michigan Retirement System raised its position in TXNM Energy by 3.2% in the second quarter. State of Michigan Retirement System now owns 22,289 shares of the company’s stock valued at $1,255,000 after purchasing an additional 700 shares during the period. Bank of New York Mellon Corp raised its position in TXNM Energy by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 1,225,977 shares of the company’s stock valued at $69,047,000 after purchasing an additional 32,959 shares during the period. Finally, Huntington National Bank lifted its stake in shares of TXNM Energy by 1,307.0% during the second quarter. Huntington National Bank now owns 605 shares of the company’s stock worth $34,000 after purchasing an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.1%

Shares of NYSE TXNM opened at $58.91 on Friday. The stock’s 50 day moving average price is $59.08 and its two-hundred day moving average price is $57.97. TXNM Energy, Inc. has a 52-week low of $47.21 and a 52-week high of $59.52. The stock has a market capitalization of $6.42 billion, a P/E ratio of 40.35, a PEG 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.

TXNM Energy (NYSE:TXNM) last issued its earnings results 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 firm had revenue of $533.23 million during the quarter, compared to analyst estimates of $593.29 million. During the same quarter in the previous year, the business posted $0.30 EPS. On average, analysts anticipate that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on TXNM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a research report on Monday, December 29th. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, TXNM Energy presently has an average rating of “Hold” and a consensus target price of $59.30.

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. 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.