California State Teachers Retirement System Has $6.87 Million Stake in TXNM Energy, Inc. $TXNM

California State Teachers Retirement System raised its stake in shares of TXNM Energy, Inc. (NYSE:TXNM) by 31.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 117,558 shares of the company’s stock after purchasing an additional 27,862 shares during the quarter. California State Teachers Retirement System’s holdings in TXNM Energy were worth $6,872,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TXNM. Los Angeles Capital Management LLC bought a new stake in shares of TXNM Energy in the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC increased its stake in TXNM Energy by 23.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock valued at $74,000 after acquiring an additional 236 shares during the period. Kestra Advisory Services LLC acquired a new position in TXNM Energy in the 4th quarter valued at approximately $74,000. Larson Financial Group LLC raised its holdings in TXNM Energy by 81.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock valued at $78,000 after acquiring an additional 623 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of TXNM Energy by 22.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock worth $86,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TXNM shares. Weiss Ratings raised TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen lowered TXNM Energy from a “hold” rating to a “sell” rating in a research note on Sunday, July 5th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, TXNM Energy presently has a consensus rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Price Performance

NYSE:TXNM opened at $57.52 on Thursday. The company has a 50-day moving average of $57.61 and a 200-day moving average of $58.51. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.48 and a beta of 0.17. TXNM Energy, Inc. has a 52 week low of $55.64 and a 52 week high of $59.53. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.36 and a current ratio of 0.56.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $548.55 million for the quarter, compared to analyst estimates of $567.00 million. TXNM Energy had a net margin of 9.04% and a return on equity of 8.11%. As a group, equities research analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.4225 per share. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 3rd. TXNM Energy’s payout ratio is presently 93.37%.

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. 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.