Vanguard Personalized Indexing Management LLC Has $615,000 Holdings in TXNM Energy, Inc. $TXNM

Vanguard Personalized Indexing Management LLC increased its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 13.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,920 shares of the company’s stock after acquiring an additional 1,312 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in TXNM Energy were worth $615,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of TXNM. GAMMA Investing LLC bought a new stake in TXNM Energy during the 1st quarter worth approximately $206,000. State of Alaska Department of Revenue bought a new stake in TXNM Energy during the 1st quarter worth approximately $565,000. Blue Trust Inc. bought a new stake in TXNM Energy during the 1st quarter worth approximately $77,000. Praxis Investment Management Inc. bought a new stake in TXNM Energy during the 1st quarter worth approximately $232,000. Finally, Tyche Wealth Partners LLC bought a new stake in TXNM Energy during the 1st quarter worth approximately $362,000. 91.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TXNM has been the topic of a number of research analyst reports. Citigroup assumed coverage on TXNM Energy in a research report on Thursday, October 9th. They set a “neutral” rating and a $61.25 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of TXNM Energy in a research report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $57.04.

TXNM Energy Stock Performance

TXNM stock opened at $57.08 on Wednesday. The business’s fifty day moving average is $56.78 and its 200-day moving average is $55.75. 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 company has a market cap of $6.02 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 2.70 and a beta of 0.06. TXNM Energy, Inc. has a twelve month low of $42.09 and a twelve month high of $57.42.

TXNM Energy (NYSE:TXNM) last posted its quarterly earnings results on Thursday, February 3rd. The company reported $0.15 earnings per share for the quarter. The company had revenue of ($1,163.74) million for the quarter. TXNM Energy had a return on equity of 7.34% and a net margin of 8.75%. Equities research analysts forecast that TXNM Energy, Inc. will post 2.73 EPS for the current year.

TXNM Energy Announces Dividend

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

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.