TXNM Energy, Inc. $TXNM Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its position in TXNM Energy, Inc. (NYSE:TXNM) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 773,440 shares of the company’s stock after selling 30,220 shares during the quarter. Gamco Investors INC. ET AL’s holdings in TXNM Energy were worth $45,540,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of TXNM Energy by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 11,899,308 shares of the company’s stock valued at $700,631,000 after acquiring an additional 330,382 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of TXNM Energy by 344.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock valued at $228,592,000 after acquiring an additional 3,133,794 shares during the period. Adage Capital Partners GP L.L.C. lifted its position in shares of TXNM Energy by 83.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock valued at $99,279,000 after acquiring an additional 800,258 shares during the period. Sona Asset Management US LLC lifted its position in shares of TXNM Energy by 79.8% during the 3rd quarter. Sona Asset Management US LLC now owns 1,663,830 shares of the company’s stock valued at $94,090,000 after acquiring an additional 738,631 shares during the period. Finally, UBS Group AG lifted its position in shares of TXNM Energy by 54.2% during the 4th quarter. UBS Group AG now owns 1,244,976 shares of the company’s stock valued at $73,304,000 after acquiring an additional 437,727 shares during the period. Institutional investors and hedge funds own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.0%

Shares of TXNM Energy stock opened at $59.23 on Monday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.55 and a quick ratio of 0.36. TXNM Energy, Inc. has a 1 year low of $52.59 and a 1 year high of $59.52. The company has a market capitalization of $6.56 billion, a P/E ratio of 42.61, a P/E/G ratio of 2.56 and a beta of 0.16. The business has a 50 day moving average price of $58.85 and a 200 day moving average price of $58.67.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The company had revenue of $504.98 million for the quarter, compared to analyst estimates of $506.24 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. Sell-side analysts anticipate that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Monday, April 27th were given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, April 27th. TXNM Energy’s payout ratio is currently 121.58%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of TXNM Energy from a “hold” rating to a “sell” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.