Healthcare of Ontario Pension Plan Trust Fund Raises Position in TXNM Energy, Inc. $TXNM

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 420.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,519,657 shares of the company’s stock after acquiring an additional 1,227,627 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in TXNM Energy were worth $88,839,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Balyasny Asset Management L.P. boosted its holdings in TXNM Energy by 344.9% in the third quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock valued at $228,592,000 after purchasing an additional 3,133,794 shares during the period. Norges Bank acquired a new position in TXNM Energy during the 4th quarter worth $182,061,000. Citadel Advisors LLC increased its holdings in TXNM Energy by 19,952.4% during the 3rd quarter. Citadel Advisors LLC now owns 1,007,033 shares of the company’s stock worth $56,948,000 after purchasing an additional 1,002,011 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in TXNM Energy by 83.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock worth $99,279,000 after purchasing an additional 800,258 shares during the period. Finally, Sona Asset Management US LLC raised its position in TXNM Energy by 79.8% in the 3rd quarter. Sona Asset Management US LLC now owns 1,663,830 shares of the company’s stock valued at $94,090,000 after purchasing an additional 738,631 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TXNM. Wall Street Zen cut TXNM Energy from a “hold” rating to a “sell” rating in a research note on Sunday, July 5th. Weiss Ratings restated a “hold (c)” rating on shares of TXNM Energy in a research note on Friday, May 29th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, TXNM Energy currently has a consensus rating of “Hold” and a consensus target price of $61.25.

TXNM Energy Price Performance

TXNM Energy stock opened at $58.34 on Friday. The stock has a market cap of $6.46 billion, a P/E ratio of 41.97, a price-to-earnings-growth ratio of 2.51 and a beta of 0.17. The company has a fifty day simple moving average of $57.87 and a 200-day simple moving average of $58.59. TXNM Energy, Inc. has a 12-month low of $55.64 and a 12-month high of $59.53. The company has a current ratio of 0.55, a quick ratio of 0.36 and a debt-to-equity ratio of 1.46.

TXNM Energy (NYSE:TXNM) last issued its earnings results on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The firm had revenue of $504.98 million for the quarter, compared to analyst estimates of $506.24 million. TXNM Energy had a return on equity of 7.18% and a net margin of 6.96%.The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities analysts expect that TXNM Energy, Inc. will post 3.07 EPS for the current fiscal year.

TXNM Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 3rd will be given a dividend of $0.4225 per share. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, August 3rd. TXNM Energy’s dividend payout ratio is currently 121.58%.

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.