Segall Bryant & Hamill LLC Cuts Stock Holdings in TXNM Energy, Inc. $TXNM

Segall Bryant & Hamill LLC lowered its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 456,156 shares of the company’s stock after selling 24,616 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.42% of TXNM Energy worth $25,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in TXNM. Cape Investment Advisory Inc. bought a new stake in shares of TXNM Energy in the 2nd quarter worth $28,000. Huntington National Bank boosted its position in shares of TXNM Energy by 1,307.0% during the second quarter. Huntington National Bank now owns 605 shares of the company’s stock valued at $34,000 after buying an additional 562 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of TXNM Energy by 280.0% during the third quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after buying an additional 756 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in TXNM Energy by 574.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock worth $73,000 after buying an additional 1,102 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in TXNM Energy by 215.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock worth $86,000 after buying an additional 1,043 shares during the last quarter. 91.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of TXNM Energy in a research note 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 investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.30.

TXNM Energy Trading Up 0.3%

Shares of TXNM stock opened at $59.21 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.51 and a quick ratio of 0.36. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 40.55, a PEG ratio of 2.53 and a beta of 0.17. TXNM Energy, Inc. has a 1 year low of $47.21 and a 1 year high of $59.52. The firm has a fifty day moving average price of $59.08 and a 200-day moving average price of $57.91.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.12). TXNM Energy had a net margin of 7.27% and a return on equity of 7.77%. The company had revenue of $533.23 million for the quarter, compared to analysts’ expectations of $593.29 million. During the same quarter last year, the firm posted $0.30 earnings per share. As a group, equities analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share 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 paid a dividend of $0.4225 per share. The ex-dividend date is Monday, April 27th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 2.9%. TXNM Energy’s payout ratio is 115.75%.

TXNM Energy 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.