58,359 Shares in TXNM Energy, Inc. $TXNM Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP acquired a new stake in TXNM Energy, Inc. (NYSE:TXNM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 58,359 shares of the company’s stock, valued at approximately $3,300,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Centiva Capital LP grew its stake in shares of TXNM Energy by 6.5% in the third quarter. Centiva Capital LP now owns 225,000 shares of the company’s stock valued at $12,724,000 after buying an additional 13,780 shares in the last quarter. Angelo Gordon & CO. L.P. purchased a new stake in shares of TXNM Energy during the 3rd quarter valued at about $5,694,000. Schonfeld Strategic Advisors LLC lifted its position in TXNM Energy by 460.2% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 197,763 shares of the company’s stock worth $11,183,000 after acquiring an additional 162,463 shares in the last quarter. Creative Planning boosted its holdings in TXNM Energy by 6.9% in the 3rd quarter. Creative Planning now owns 24,723 shares of the company’s stock worth $1,398,000 after acquiring an additional 1,596 shares during the period. Finally, Virtu Financial LLC purchased a new position in TXNM Energy in the 3rd quarter worth approximately $240,000. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.6%

Shares of TXNM opened at $58.53 on Tuesday. TXNM Energy, Inc. has a one year low of $47.69 and a one year high of $59.52. The stock has a 50-day moving average price of $59.05 and a 200 day moving average price of $58.07. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55. The company has a market capitalization of $6.37 billion, a P/E ratio of 40.09, a P/E/G ratio of 2.52 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, February 27th. The company reported $0.48 earnings per share (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 for the quarter, compared to analysts’ expectations of $593.29 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Sell-side analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 27th will be given 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 dividend yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is presently 115.75%.

Analyst Ratings Changes

A number of research analysts have recently commented on TXNM shares. Wall Street Zen raised shares of TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TXNM Energy in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, TXNM Energy currently has a consensus rating of “Hold” and an average price target of $60.88.

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.