Wealth Enhancement Advisory Services LLC Buys 1,600 Shares of TXNM Energy, Inc. $TXNM

Wealth Enhancement Advisory Services LLC grew its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 17.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,535 shares of the company’s stock after acquiring an additional 1,600 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in TXNM Energy were worth $593,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXNM. GAMMA Investing LLC bought a new position in shares of TXNM Energy during the 1st quarter worth about $11,017,000. Rhumbline Advisers purchased a new position in TXNM Energy in the 1st quarter valued at approximately $16,833,000. Hennion & Walsh Asset Management Inc. purchased a new position in TXNM Energy in the 1st quarter valued at approximately $270,000. UMB Bank n.a. purchased a new position in shares of TXNM Energy during the 1st quarter valued at $52,000. Finally, Farther Finance Advisors LLC grew its position in shares of TXNM Energy by 226.9% during the 1st quarter. Farther Finance Advisors LLC now owns 1,167 shares of the company’s stock valued at $62,000 after purchasing an additional 810 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

TXNM Energy Trading Up 0.2%

NYSE:TXNM opened at $56.95 on Friday. The company’s 50 day moving average price is $56.78 and its 200-day moving average price is $55.48. TXNM Energy, Inc. has a 52 week low of $42.09 and a 52 week high of $57.42. The company has a quick ratio of 0.36, a current ratio of 0.51 and a debt-to-equity ratio of 1.49. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 2.70 and a beta of 0.06.

TXNM Energy (NYSE:TXNM) last posted its quarterly 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 net margin of 8.75% and a return on equity of 7.34%. The firm had revenue of $502.42 million for the quarter, compared to analysts’ expectations of $493.90 million. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts forecast that TXNM Energy, Inc. will post 2.73 earnings per share for the current fiscal year.

TXNM Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 24th will be issued a $0.4075 dividend. The ex-dividend date is Friday, October 24th. This represents a $1.63 annualized dividend and a yield of 2.9%. TXNM Energy’s dividend payout ratio (DPR) is currently 84.02%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of TXNM Energy in a research report on Saturday, September 27th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.67.

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.