MassMutual Private Wealth & Trust FSB Raises Stock Holdings in TXNM Energy, Inc. $TXNM

MassMutual Private Wealth & Trust FSB lifted its holdings in TXNM Energy, Inc. (NYSE:TXNM) by 360.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,340 shares of the company’s stock after purchasing an additional 1,049 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in TXNM Energy were worth $75,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Cetera Investment Advisers bought a new position in TXNM Energy during the fourth quarter valued at $236,000. Nuveen Asset Management LLC bought a new position in shares of TXNM Energy in the 4th quarter valued at about $10,658,000. Quantinno Capital Management LP purchased a new position in TXNM Energy in the fourth quarter worth about $300,000. Two Sigma Investments LP purchased a new position in TXNM Energy in the fourth quarter worth about $9,974,000. Finally, Squarepoint Ops LLC bought a new stake in TXNM Energy during the fourth quarter worth approximately $453,000. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Down 0.2%

Shares of TXNM stock opened at $56.59 on Friday. The company has a market cap of $5.96 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 2.68 and a beta of 0.09. TXNM Energy, Inc. has a 1 year low of $42.09 and a 1 year high of $57.42. The stock’s 50 day simple moving average is $56.81 and its two-hundred day simple moving average is $55.10. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.51 and a quick ratio of 0.36.

TXNM Energy (NYSE:TXNM) last announced its earnings results on Friday, August 1st. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.21). TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%.The company had revenue of $502.42 million during the quarter, compared to analysts’ expectations of $493.90 million. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts predict that TXNM Energy, Inc. will post 2.73 earnings per share for the current year.

TXNM Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a dividend of $0.4075 per share. The ex-dividend date was Friday, August 8th. This represents a $1.63 dividend on an annualized basis and a yield of 2.9%. TXNM Energy’s payout ratio is 84.02%.

TXNM Energy 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.