Quantinno Capital Management LP Buys 47,313 Shares of TXNM Energy, Inc. $TXNM

Quantinno Capital Management LP raised its stake in TXNM Energy, Inc. (NYSE:TXNM) by 240.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,016 shares of the company’s stock after buying an additional 47,313 shares during the period. Quantinno Capital Management LP’s holdings in TXNM Energy were worth $3,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in TXNM. Vanguard Group Inc. increased its position in shares of TXNM Energy by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 11,899,308 shares of the company’s stock worth $700,631,000 after acquiring an additional 330,382 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of TXNM Energy by 344.9% in the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock valued at $228,592,000 after purchasing an additional 3,133,794 shares during the period. Norges Bank purchased a new stake in shares of TXNM Energy in the fourth quarter valued at approximately $182,061,000. Geode Capital Management LLC grew its stake in TXNM Energy by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 2,570,550 shares of the company’s stock worth $151,378,000 after purchasing an additional 161,141 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in TXNM Energy by 53.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,931,107 shares of the company’s stock worth $113,704,000 after purchasing an additional 668,929 shares in the last quarter. 91.68% of the stock is currently owned by institutional investors.

TXNM Energy Trading Up 0.2%

NYSE TXNM opened at $57.60 on Friday. TXNM Energy, Inc. has a 52 week low of $55.64 and a 52 week high of $59.53. The company has a 50 day moving average price of $57.54 and a 200 day moving average price of $58.50. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 1.44. The firm has a market cap of $5.94 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 2.48 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $548.55 million for the quarter, compared to analyst estimates of $567.00 million. TXNM Energy had a return on equity of 8.11% and a net margin of 9.04%. As a group, sell-side analysts forecast that TXNM Energy, Inc. will post 3.07 EPS 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 paid a dividend of $0.4225 per share. The ex-dividend date is Monday, August 3rd. 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 93.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen raised TXNM Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded TXNM Energy from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.25.

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.