Tudor Investment Corp ET AL Buys 70,120 Shares of TXNM Energy, Inc. $TXNM

Tudor Investment Corp ET AL raised its stake in TXNM Energy, Inc. (NYSE:TXNM) by 35.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 270,120 shares of the company’s stock after purchasing an additional 70,120 shares during the quarter. Tudor Investment Corp ET AL owned 0.25% of TXNM Energy worth $15,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Balyasny Asset Management L.P. grew its holdings in TXNM Energy by 344.9% during the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock worth $228,592,000 after buying an additional 3,133,794 shares in the last quarter. Norges Bank purchased a new stake in TXNM Energy in the 2nd quarter valued at $99,354,000. Vanguard Group Inc. lifted its stake in TXNM Energy by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,568,926 shares of the company’s stock valued at $654,223,000 after acquiring an additional 1,598,954 shares in the last quarter. Citadel Advisors LLC boosted its holdings in TXNM Energy by 19,952.4% during the 3rd quarter. Citadel Advisors LLC now owns 1,007,033 shares of the company’s stock worth $56,948,000 after acquiring an additional 1,002,011 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in TXNM Energy during the 2nd quarter worth $48,291,000. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TXNM Energy Stock Down 0.3%

TXNM stock opened at $58.11 on Friday. The stock has a market cap of $6.33 billion, a P/E ratio of 39.80, a P/E/G ratio of 2.49 and a beta of 0.17. The company has a current ratio of 0.55, a quick ratio of 0.38 and a debt-to-equity ratio of 1.48. The stock’s fifty day simple moving average is $58.99 and its two-hundred day simple moving average is $58.10. TXNM Energy, Inc. has a 1-year low of $47.69 and a 1-year high of $59.52.

TXNM Energy (NYSE:TXNM) last announced its earnings results 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). The business had revenue of $533.23 million for the quarter, compared to analysts’ expectations of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same period in the prior year, the business earned $0.30 earnings per share. Analysts expect that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

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. This represents a $1.69 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, April 27th. TXNM Energy’s dividend payout ratio (DPR) is 115.75%.

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.