Lighthouse Investment Partners LLC Acquires 20,235 Shares of TXNM Energy, Inc. $TXNM

Lighthouse Investment Partners LLC boosted its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 34.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,183 shares of the company’s stock after buying an additional 20,235 shares during the quarter. Lighthouse Investment Partners LLC owned approximately 0.07% of TXNM Energy worth $4,478,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TXNM. Cape Investment Advisory Inc. bought a new position in shares of TXNM Energy during the 2nd quarter worth approximately $28,000. Smartleaf Asset Management LLC raised its stake in TXNM Energy by 280.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,026 shares of the company’s stock valued at $58,000 after acquiring an additional 756 shares during the period. Jones Financial Companies Lllp raised its stake in TXNM Energy by 574.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,294 shares of the company’s stock valued at $73,000 after acquiring an additional 1,102 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in TXNM Energy by 215.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,528 shares of the company’s stock valued at $86,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Salzhauer Michael acquired a new stake in TXNM Energy during the 3rd quarter valued at $127,000. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TXNM. Wall Street Zen upgraded shares of TXNM Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.88.

TXNM Energy Stock Performance

Shares of NYSE:TXNM opened at $58.53 on Tuesday. TXNM Energy, Inc. has a 12-month low of $47.69 and a 12-month high of $59.52. The company’s 50 day moving average price is $59.05 and its two-hundred day moving average price is $58.07. The firm has a market cap of $6.37 billion, a PE ratio of 40.09, a PEG ratio of 2.52 and a beta of 0.17. The company has a quick ratio of 0.38, a current ratio of 0.55 and a debt-to-equity ratio of 1.48.

TXNM Energy (NYSE:TXNM) last released its quarterly earnings results on Friday, February 27th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.12). The business had revenue of $533.23 million during the quarter, compared to analyst estimates of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same quarter in the previous year, the firm posted $0.30 earnings per share. Equities research analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 27th will be issued a $0.4225 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.69 annualized dividend and a yield of 2.9%. TXNM Energy’s payout ratio is currently 115.75%.

About TXNM Energy

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.