TXNM Energy, Inc. $TXNM Shares Acquired by Centiva Capital LP

Centiva Capital LP increased its position in shares of TXNM Energy, Inc. (NYSE:TXNM) by 6.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,000 shares of the company’s stock after purchasing an additional 13,780 shares during the period. TXNM Energy accounts for about 0.1% of Centiva Capital LP’s investment portfolio, making the stock its 23rd largest holding. Centiva Capital LP’s holdings in TXNM Energy were worth $12,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in TXNM Energy by 55.4% in the third quarter. Principal Financial Group Inc. now owns 330,336 shares of the company’s stock worth $18,681,000 after acquiring an additional 117,765 shares in the last quarter. AlphaQuest LLC bought a new position in shares of TXNM Energy during the 3rd quarter valued at about $2,880,000. Athos Capital Ltd bought a new position in shares of TXNM Energy during the 3rd quarter valued at about $8,078,000. Truist Financial Corp acquired a new position in shares of TXNM Energy in the 3rd quarter worth approximately $4,378,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of TXNM Energy in the 2nd quarter worth approximately $6,974,000. 91.68% of the stock is currently owned by institutional investors and hedge funds.

TXNM Energy Trading Up 0.2%

Shares of NYSE TXNM opened at $58.85 on Friday. 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, Inc. has a 12 month low of $47.69 and a 12 month high of $59.52. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 2.52 and a beta of 0.17. The business has a fifty day simple moving average of $59.06 and a 200-day simple moving average of $58.04.

TXNM Energy (NYSE:TXNM) last issued 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 company had revenue of $533.23 million during the quarter, compared to analysts’ expectations of $593.29 million. TXNM Energy had a return on equity of 7.54% and a net margin of 7.27%.During the same period in the prior year, the business posted $0.30 EPS. Sell-side analysts predict that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, April 27th will be given a $0.4225 dividend. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, April 27th. TXNM Energy’s dividend payout ratio (DPR) is 115.75%.

Analyst Ratings Changes

Several analysts recently commented on the stock. Weiss Ratings reissued 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 research 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.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.88.

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.