8,862 Shares in TXNM Energy, Inc. $TXNM Purchased by Brighton Jones LLC

Brighton Jones LLC 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 8,862 shares of the company’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TXNM. Ameritas Advisory Services LLC purchased a new position in shares of TXNM Energy during the 2nd quarter valued at approximately $30,000. Integrated Wealth Concepts LLC acquired a new position in TXNM Energy during the second quarter worth $38,000. EverSource Wealth Advisors LLC raised its position in TXNM Energy by 17.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock worth $73,000 after acquiring an additional 184 shares during the period. Trust Co. of Vermont purchased a new position in TXNM Energy during the second quarter valued at $85,000. Finally, Allworth Financial LP purchased a new position in TXNM Energy during the second quarter valued at $88,000. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

TXNM Energy Stock Performance

TXNM Energy stock opened at $58.87 on Friday. The firm has a 50 day simple moving average of $58.42 and a 200-day simple moving average of $58.36. TXNM Energy, Inc. has a 1-year low of $55.64 and a 1-year high of $59.53. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.81 and a quick ratio of 0.59. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.54 and a beta of 0.17.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings data on Friday, October 30th. The company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.53 by $0.09. The firm had revenue of $733.29 million for the quarter, compared to analysts’ expectations of $749.61 million. TXNM Energy had a return on equity of 9.17% and a net margin of 9.88%. On average, analysts expect that TXNM Energy, Inc. will post 3.07 EPS for the current year.

TXNM Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 13th. Stockholders of record on Friday, October 23rd were issued a dividend of $0.4225 per share. The ex-dividend date was Friday, October 23rd. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s dividend payout ratio is currently 80.86%.

Analysts Set New Price Targets

Several research firms have commented on TXNM. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded TXNM Energy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, November 2nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

TXNM Energy Profile

TXNM Energy, formerly known as PNM Resources, is an energy holding company based in Albuquerque, New Mexico. Its principal businesses are regulated electric utilities that generate, transmit and distribute electricity. Through Public Service Company of New Mexico, known as PNM, the company serves residential, commercial and industrial customers across much of New Mexico, including the Albuquerque and Santa Fe areas. PNM operates a mix of electricity generation and delivery assets. TXNM Energy also owns Texas-New Mexico Power Company, or TNMP, which operates electric transmission and distribution infrastructure in parts of Texas.