Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 10,383 Shares of TXNM Energy, Inc. $TXNM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 3.6% in the first quarter, HoldingsChannel reports. The firm owned 278,275 shares of the company’s stock after selling 10,383 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TXNM Energy were worth $16,268,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new stake in TXNM Energy during the fourth quarter valued at $27,000. Smartleaf Asset Management LLC grew its stake in shares of TXNM Energy by 23.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock worth $74,000 after buying an additional 236 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TXNM Energy in the 4th quarter worth about $74,000. Larson Financial Group LLC increased its holdings in shares of TXNM Energy by 81.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock worth $78,000 after buying an additional 623 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of TXNM Energy by 22.5% in the 4th quarter. Farther Finance Advisors LLC now owns 1,461 shares of the company’s stock worth $86,000 after buying an additional 268 shares during the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Stock Performance

NYSE:TXNM opened at $56.80 on Monday. The firm has a market capitalization of $6.29 billion, a PE ratio of 40.86, a PEG ratio of 2.45 and a beta of 0.17. The stock’s fifty day moving average is $58.17 and its 200 day moving average is $58.67. TXNM Energy, Inc. has a fifty-two week low of $55.64 and a fifty-two week high of $59.53. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.36 and a current ratio of 0.55.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.09). TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The firm had revenue of $504.98 million for the quarter, compared to analysts’ expectations of $506.24 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts anticipate that TXNM Energy, Inc. will post 3.07 earnings per share for the current year.

TXNM Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $1.145 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $4.58 dividend on an annualized basis and a dividend yield of 8.1%. This is a boost from TXNM Energy’s previous quarterly dividend of $0.42. TXNM Energy’s dividend payout ratio is presently 121.58%.

Analysts Set New Price Targets

TXNM has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of TXNM Energy from a “hold” rating to a “sell” rating in a report on Sunday, July 5th. Weiss Ratings reissued a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average 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.