TXNM Energy, Inc. (NYSE:TXNM) Declares Quarterly Dividend of $0.42

TXNM Energy, Inc. (NYSE:TXNM) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Monday, August 3rd will be paid a dividend of 0.4225 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, August 3rd.

TXNM Energy has increased its dividend payment by an average of 0.1%per year over the last three years.

TXNM Energy Price Performance

Shares of NYSE TXNM opened at $58.06 on Wednesday. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.49 and a beta of 0.17. 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 has a fifty-two week low of $55.64 and a fifty-two week high of $59.53. The firm’s 50-day simple moving average is $57.93 and its 200 day simple moving average is $58.60.

TXNM Energy (NYSE:TXNM) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The company had revenue of $504.98 million for the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.19 earnings per share. As a group, research analysts anticipate that TXNM Energy will post 3.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TXNM. Los Angeles Capital Management LLC bought a new position in TXNM Energy during the fourth quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its position in shares of TXNM Energy by 17.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock valued at $73,000 after buying an additional 184 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of TXNM Energy by 23.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,262 shares of the company’s stock valued at $74,000 after acquiring an additional 236 shares during the period. Kestra Advisory Services LLC bought a new position in shares of TXNM Energy in the fourth quarter valued at approximately $74,000. Finally, Larson Financial Group LLC grew its stake in TXNM Energy by 81.8% during the third quarter. Larson Financial Group LLC now owns 1,385 shares of the company’s stock valued at $78,000 after acquiring an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 91.68% of the company’s stock.

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.