25,614 TXNM Energy, Inc. $TXNM Shares Sold by R Squared Ltd

R Squared Ltd lowered its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 37.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 42,551 shares of the company’s stock after selling 25,614 shares during the period. TXNM Energy comprises 1.3% of R Squared Ltd’s holdings, making the stock its 6th largest holding. R Squared Ltd’s holdings in TXNM Energy were worth $2,482,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Retirement Systems of Alabama grew its stake in shares of TXNM Energy by 0.3% in the third quarter. Retirement Systems of Alabama now owns 103,366 shares of the company’s stock worth $6,028,000 after purchasing an additional 313 shares during the last quarter. Brighton Jones LLC acquired a new position in TXNM Energy during the 3rd quarter worth about $517,000. Parallel Advisors LLC lifted its holdings in TXNM Energy by 46.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,380 shares of the company’s stock worth $314,000 after buying an additional 1,701 shares during the period. Commonwealth Equity Services LLC lifted its holdings in TXNM Energy by 2.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,240 shares of the company’s stock worth $481,000 after buying an additional 215 shares during the period. Finally, Chicago Partners Investment Group LLC grew its position in shares of TXNM Energy by 355.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 29,538 shares of the company’s stock valued at $1,721,000 after buying an additional 23,049 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TXNM. Wall Street Zen raised 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 report on Monday, November 2nd. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, TXNM Energy currently has an average rating of “Buy”.

TXNM Energy Trading Down 0.0%

NYSE TXNM opened at $58.81 on Friday. The company has a market cap of $6.48 billion, a price-to-earnings ratio of 20.36, a P/E/G ratio of 2.54 and a beta of 0.17. TXNM Energy, Inc. has a 52 week low of $55.64 and a 52 week high of $59.53. The business has a 50 day moving average price of $58.41 and a 200-day moving average price of $58.37. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 1.53.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, October 30th. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.09. The company had revenue of $733.29 million for the quarter, compared to analyst estimates of $749.61 million. TXNM Energy had a return on equity of 9.17% and a net margin of 9.88%. As a group, equities analysts expect that TXNM Energy, Inc. will post 3.07 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 23rd will be paid a $0.4225 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 23rd. TXNM Energy’s dividend payout ratio (DPR) is 80.86%.

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.